South Dakota Codified Laws
Chapter 54 - Economic Development Projects
Section 9-54-11 - Municipal joint or cooperative agreements.

9-54-11. Municipal joint or cooperative agreements.
Any municipality, in order to accomplish the purposes provided in this chapter, may enter into agreements with any other public agency or agencies for joint or cooperative action and such agreements shall be governed by the provisions of chapter 1-24.

Source: SL 1972, ch 45, ยง2.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 9 - Municipal Government

Chapter 54 - Economic Development Projects

Section 9-54-1 - Purpose of chapter.

Section 9-54-2 - Power to issue bonds, acquire or construct projects and enter revenue agreements--Location of projects.

Section 9-54-2.1 - Power to issue revenue bonds, purchase or discharge debt of nonprofit corporation operating health care or housing facility and enter revenue agreements--Location of project.

Section 9-54-2.2 - Restriction on use of bonds for elderly housing projects.

Section 9-54-3 - "Revenue bonds" defined.

Section 9-54-3.1 - "Revenue agreement" defined.

Section 9-54-4 - Costs to be covered by bonds--Authorization, issuance and sale of bonds.

Section 9-54-5 - Amount of bond issue limited by costs.

Section 9-54-6 - Bonds not general obligations nor payable by taxation--Recitals in bonds.

Section 9-54-7 - Mortgage of project and pledge of revenues to payment of bonds--Trust funds--Other covenants and agreements.

Section 9-54-8 - Lease or sale payments sufficient to pay bonds and costs--Payments in lieu of property taxes.

Section 9-54-8.1 - Lease with option to purchase--Title acquired before bonds retired--Pledge for payment of bonds.

Section 9-54-9 - Municipal obligations restricted by contractual payments from facilities.

Section 9-54-10 - County and sanitary district powers.

Section 9-54-11 - Municipal joint or cooperative agreements.

Section 9-54-12 - Compliance with federal requirements for tax exemption.