<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 13-16-29 - School district repayment fund created--Pledge of revenues--Creation of sub-funds or accounts. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2041831Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2041831SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2041831CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2041831CL-000000 { font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2041831Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2041831DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2041831DefaultParagraphFont-000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2041831000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2041831SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2041831SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2041831Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-16-29"><span class="s2041831SENU">13-16-29</span></a><span xml:space="preserve" class="s2041831SENU">. </span><span class="s2041831CL">School district repayment fund created--Pledge of revenues--Creation of sub</span><span class="s2041831CL-000000">-</span><span class="s2041831CL">funds or accounts.</span></p><p dir="ltr" class="s2041831Normal-000001"><span xml:space="preserve" class="s2041831DefaultParagraphFont">There is created a separate trust fund designated the school district repayment fund consisting of all revenues with respect to school district lease, resolution, certificate, or other arrangement, or any bond, note, or certificate issued to or in connection with a program sponsored by the Health and Educational Facilities Authority for school districts and entered into under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-13-39"><span class="s2041831DefaultParagraphFont">13-13-39</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-16-6.4"><span class="s2041831DefaultParagraphFont">13-16-6.4</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-16-7"><span class="s2041831DefaultParagraphFont">13-16-7</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-19-27"><span class="s2041831DefaultParagraphFont">13-19-27</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-19-29"><span class="s2041831DefaultParagraphFont">13-19-29</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, inclusive. The Health and Educational Facilities Authority may pledge revenues received or to be received by the fund to secure bonds, notes or other obligations issued under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-13-39"><span class="s2041831DefaultParagraphFont">13-13-39</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-16-6.4"><span class="s2041831DefaultParagraphFont">13-16-6.4</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-16-7"><span class="s2041831DefaultParagraphFont">13-16-7</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont">, and § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-19-27"><span class="s2041831DefaultParagraphFont">13-19-27</span></a><span xml:space="preserve" class="s2041831DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=13-19-29"><span class="s2041831DefaultParagraphFont">13-19-29</span></a><span class="s2041831DefaultParagraphFont">, inclusive. The authority may create sub</span><span class="s2041831DefaultParagraphFont-000002">-</span><span class="s2041831DefaultParagraphFont">funds or accounts within the repayment fund created under this section as the authority considers necessary.</span></p><p dir="ltr" class="s2041831Normal"><span xml:space="preserve" class="s2041831000003"> </span></p><p dir="ltr" class="s2041831Normal"><span class="s2041831SCL">Source:</span><span xml:space="preserve" class="s2041831SCL-000004"> SL 1986, ch 124, § 8; SL 1988, ch 140, § 3; SL 1999, ch 84, § 4.</span></p></div></body></html>