SCIENCE AND TECHNOLOGY AUTHORITY
Purpose of authority.
Science and Technology Authority created.
Board of directors--Appointment and terms.
Removal of members--Grounds.
Compensation of members--Reimbursement of expenses.
Oath of office.
Executive director, agents, and employees--Duties--Compensation.
Meetings of the board.
Quorum--Vote required for action.
Business interests not disqualification for membership--Abstention where conflict
Record of proceedings--Filings--Copies--Certification.
Powers and duties of authority.
Promulgation of rules.
Loans and grants made by authority.
Investment of funds.
Investment of funds with State Investment Council.
Issuance of bonds, notes, or other evidence of indebtedness.
Suit to compel performance by holder of revenue bond, note, or instrument issued by
Suit by holder of revenue bond to compel payment of principal, interest, or premium--Jurisdiction.
Negotiability of bonds, notes, or instruments--Temporary bonds, notes, or
Pledge of revenues from lease or loan agreement--Trust agreement.
Pledge or assignment of or lien on or security interest in revenues, funds, or accounts.
Pledge by state not to impair rights and remedies of holders of bonds and notes.
State not liable for principal or interest on bonds, notes, instruments, or obligations
Governmental bodies, financial institutions, and others authorized to invest in bonds
or notes issued by authority.
Exemption of documentary material and data involving trade secrets, etc., from
disclosure--Consideration by authority in executive session.
Title to projects.
Acquisition of property.
Acquisition, improvement, maintenance, and decommissioning of projects.
Subsurface property defined.
Condemnation of subsurface property for purpose of acquiring, developing,
constructing, maintaining, or operating projects--Limitation--Procedures.
Declaration of taking--Contents.
Effective date of condemnation and right to just compensation.
Notice of hearing on right to take--Waiver of right to question necessity--Order of
Service or mailing of copy of declaration of taking and amendments.
Amendments to the declaration of taking--Filing.
Deposit with court of money representing just compensation for subsurface property--Expedition of proceedings.
Distribution of money on deposit with the court--Judgment against authority for
Application of other provisions to subsurface property rights taken by authority.
Sharing of agency employees.
Inapplicability of § 5-2-19.
Transfer or exchange of property with other state agencies.
Designation of depositories.
Tax exemption of authority.
Authority reports to Governor's Office of Economic Development.
Transfer of functions and programs of Homestake Laboratory Conversion Project.
Homestake Mine donation.
Severability of provisions.
Immunity from liability for condition or use of certain donated property.
Property tax exemption for certain leased property in Lawrence County.
Get Chapter 1-16H