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CHAPTER 49-16B

SOUTH DAKOTA RAILROAD AUTHORITY

49-16B-1      Legislative declarations--Public participation in railroad ownership and operation.
49-16B-2      Definitions of terms.
49-16B-3      Railroad authority created--Members.
49-16B-4      Authority attached to bureau of finance and management for reporting purposes--Exercise of functions.
49-16B-5      Repealed.
49-16B-6      Oath and bond of members.
49-16B-7      Per diem and expenses.
49-16B-8      Agents and employees.
49-16B-9      Seal.
49-16B-10      Projects authority may undertake.
49-16B-11      Report to legislature recommending projects.
49-16B-12      Transfer of jurisdiction or property to authority--Governor's approval.
49-16B-13      Acquisition of property--Construction and maintenance of railroad facilities.
49-16B-13.1      Approval of expenditures by railroad board and Governor.
49-16B-13.2      Maintenance of public railroad property by Department of Transportation.
49-16B-14      Department of Transportation's powers as to projects.
49-16B-15      Lease of facilities and sites.
49-16B-16      Lease terms, conditions and rentals.
49-16B-17      Leases to contain option to purchase--Purchase price.
49-16B-18      Lease provisions for lessee's payment of taxes, insurance and other costs.
49-16B-19      Leases to Department of Transportation--Rents payable solely from appropriations--Amount.
49-16B-20      Nonpayment of rent--Maintenance, operation, or lease of facilities.
49-16B-21      Rental and charges for facilities leased to other than Department of Transportation--Conveyance at conclusion.
49-16B-22      Tax exempt status of authority's property.
49-16B-23      Negotiable revenue bonds--Resolution for issuance--Legislative approval.
49-16B-24      Borrowing money and issuing bonds authorized--Refunding and refinancing--Pledge of income and revenues.
49-16B-25      Bonds and notes--Resolution--Issuance--Terms.
49-16B-26      Bonds--Repayment from lease income and revenues from facilities financed.
49-16B-27      Bonds--Execution and registration--Officers' signatures.
49-16B-28      Bonds--Statements on face.
49-16B-29      Obligation of state not authorized.
49-16B-30      Contract with holders--Enforcement.
49-16B-31      Interim notes--Purposes for which authorized.
49-16B-32      Interim notes--Issuance pursuant to resolution--Contents of resolution--Extending maturity date.
49-16B-33      Interim notes--Registration--Issuance.
49-16B-34      Interim notes--Interest--Redemption by authority.
49-16B-35      Interim notes--Execution--Attestation--Seal.
49-16B-36      Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.
49-16B-37      Interim notes--Additional security for payment.
49-16B-38      Interim notes not indebtedness within constitutional or statutory limitations.
49-16B-39      Payment of interim notes contemporaneously with issue of revenue bonds or escrow of bond proceeds for future repayment.
49-16B-40      Interim notes--No personal liability.
49-16B-41      Income of authority--Payment to state treasurer or trustee--Railroad authority fund--Disbursements.
49-16B-42      Authority to account for income--Disbursements from accounts in fund.
49-16B-43      Conveyance of property to state by authority.
49-16B-44      Record of lease rental payments--Conveyance of property to state upon receipt of sufficient rentals to pay bonds.
49-16B-45      Repealed.
49-16B-46      Contract power of authority.
49-16B-47      Bylaws, rules and regulations of authority.
49-16B-48 to 49-16B-68. Repealed.


Back to Title 49