§ 6-8B-1 Definitions
§ 6-8B-2 Election required for issuance
§ 6-8B-3 Resolution or ordinance declaring necessity of bond issue–Contents–Election
§ 6-8B-4 Notice of election
§ 6-8B-5 Ballot form
§ 6-8B-6 Improvement–Authorization of bonds for purchase or construction–Expenditures authorized
§ 6-8B-7 School, street, or utility improvements–Authorization of bonds
§ 6-8B-8 Issuance of bonds on approval by voters
§ 6-8B-9 Issuance, form, and terms of bonds
§ 6-8B-10 Public or private sale–Notice and procedure for public sale
§ 6-8B-11 Single issue of bonds separately approved
§ 6-8B-12 Interest rate
§ 6-8B-13 Disposition of proceeds
§ 6-8B-14 Negotiable investment security status
§ 6-8B-15 Powers as issuer of negotiable investment securities
§ 6-8B-16 Agents for authentication, transfer, registration, payment, and other functions–Central depository system
§ 6-8B-17 Authentication of bonds–Signatures–Seal
§ 6-8B-18 Registration books–Disclosure of information
§ 6-8B-19 Information filed with secretary of state by issuer
§ 6-8B-20 Costs of issuance and sale
§ 6-8B-21 Signature by resident attorney
§ 6-8B-22 Invalidity of bonds without attorney’s signature
§ 6-8B-23 Notice of redemption
§ 6-8B-24 Replacement of lost, stolen, or destroyed bonds
§ 6-8B-25 Tax exemption
§ 6-8B-26 Anticipation notes–When issuance authorized
§ 6-8B-27 Anticipation notes–Amount–Term
§ 6-8B-28 Anticipation notes–Payment–Issuance of bonds required–Exchange–Redemption
§ 6-8B-29 Anticipation notes–Bond provisions applicable
§ 6-8B-30 Refunding bonds without election–Purposes
§ 6-8B-32 Voluntary surrender required to refund bonds not maturing or callable for twenty-five years–Provision for payment
§ 6-8B-33 Approvals required for refunding bonds of issuer divided into other public bodies
§ 6-8B-34 Refunding after detachment of land from issuer
§ 6-8B-35 Maximum amount of refunding bonds
§ 6-8B-36 Maximum aggregate indebtedness of issuer
§ 6-8B-37 Bonds not included in computation of aggregate indebtedness
§ 6-8B-38 Combining outstanding issues for refunding–Combining refunding and other purposes–Issue in series
§ 6-8B-39 Bonds payable from different sources–Refunding by single issue prohibited
§ 6-8B-40 Refunding bonds not payable from same source as bonds being refunded–Election required
§ 6-8B-41 Combinations subject to more than one debt limit prohibited
§ 6-8B-42 Issuance and sale of refunding bonds
§ 6-8B-43 Conclusiveness of determination that limitations have been met
§ 6-8B-44 Recital of authority for issuance–Incontestability after delivery for value
§ 6-8B-45 Exchange or sale
§ 6-8B-46 Disposition of proceeds of sale–Escrow
§ 6-8B-47 Escrow including other funds
§ 6-8B-48 Investment of escrow funds–Amount required in escrow–Appropriation–Verification
§ 6-8B-49 Purchaser not responsible for application of proceeds
§ 6-8B-50 Disposition of accrued interest and premiums received on sale
§ 6-8B-51 Outstanding bonds unaffected
§ 6-8B-52 Chapter of full authority–Additional to other laws
§ 6-8B-53 Issuance of crossover refunding bonds–Deposit of proceeds in debt service fund–Maintenance of fund–Taxes levied and appropriated for payment of refunding bonds
§ 6-8B-54 Securities purchased for debt service fund limited
§ 6-8B-55 Definition of terms
§ 6-8B-56 Issuance of credit enhancement obligation–Conditions
§ 6-8B-57 Debt service reserve fund or credit facility
§ 6-8B-59 Referendum
§ 6-8B-60 Form of covenants or pledges
§ 6-8B-61 Agreements with health and educational facilities authority or other financial institution entered into by state entities
§ 6-8B-62 Credit enhancement obligations irrepealable until fully paid
§ 6-8B-63 Determination by governing body on limitations conclusive absent fraud or abuse
§ 6-8B-64 Ad valorem taxes–Limit
§ 6-8B-65 Agreements with health and educational facilities authority or other financial institution entered into by municipality or county–Provisions–Interest deemed perfected
§ 6-8B-66 Aggregate indebtedness of municipality or county–Limit–Calculation
§ 6-8B-67 Tax or revenue anticipation notes–Limit
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Terms Used In South Dakota Codified Laws > Title 6 > Chapter 8B - Bonds of Local Public Bodies

  • Amortization: Paying off a loan by regular installments.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Fiduciary: A trustee, executor, or administrator.
  • Fraud: Intentional deception resulting in injury to another.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC