<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 9-55-10 - Duties of governing body at hearing--Termination of hearing--Issuance of bonds for convention center from proceeds of general occupational tax. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2037390Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037390SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2037390CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2037390Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037390DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2037390Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2037390Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037390000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2037390SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2037390SCL-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="s2037390Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-55-10"><span class="s2037390SENU">9-55-10</span></a><span xml:space="preserve" class="s2037390SENU">. </span><span class="s2037390CL">Duties of governing body at hearing--Termination of hearing--Issuance of bonds for convention center from proceeds of general occupational tax.</span></p><p dir="ltr" class="s2037390Normal-000000"><span class="s2037390DefaultParagraphFont">If a hearing is held under subdivision 9-55-7(2), the governing body shall:</span></p><p dir="ltr" class="s2037390Normal-000001"><span class="s2037390DefaultParagraphFont">(1)    Hear all protests and receive evidence for or against the proposed action;</span></p><p dir="ltr" class="s2037390Normal-000001"><span class="s2037390DefaultParagraphFont">(2)    Rule upon all written protests received prior to the close of the hearing, which ruling shall be final; and</span></p><p dir="ltr" class="s2037390Normal-000001"><span class="s2037390DefaultParagraphFont">(3)    Continue the hearing from time to time as the governing body deems necessary.</span></p><p dir="ltr" class="s2037390Normal-000002"><span xml:space="preserve" class="s2037390DefaultParagraphFont">If a special assessment is to be used, the proceedings shall terminate if written protest is made prior to the close of the hearing by the owners of a majority of the assessable front footage in the proposed district. If an occupation tax is to be used, the proceedings shall terminate if protest is made by the users of a majority of the space in the proposed district. If the general occupational tax is based upon rented hotel and motel rooms pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-55-7"><span class="s2037390DefaultParagraphFont">9-55-7</span></a><span class="s2037390DefaultParagraphFont">, the proceedings shall terminate if written protest is made prior to the close of the hearing by the owners of a majority of the hotels and motels in the proposed district.</span></p><p dir="ltr" class="s2037390Normal-000002"><span class="s2037390DefaultParagraphFont">Any bonds for the construction of a convention facility that are payable from the proceeds of the hotel and motel room general occupational tax may only be issued and sold if at least two-thirds of the hotel and motel owners in the proposed district approve in writing of the issuance and sale of the bonds.</span></p><p dir="ltr" class="s2037390Normal"><span xml:space="preserve" class="s2037390000003"> </span></p><p dir="ltr" class="s2037390Normal"><span class="s2037390SCL">Source:</span><span xml:space="preserve" class="s2037390SCL-000004"> SL 1986, ch 81, § 10; SL 1990, ch 68, § 4; SL 2004, ch 79, § 1; SL 2005, ch 54, § 4.</span></p><p dir="ltr" class="s2037390Normal"><span xml:space="preserve" class="s2037390000003"> </span></p><p dir="ltr" class="s2037390Normal"><span xml:space="preserve" class="s2037390000003"> </span></p></div></body></html>