Any subdivision for which an authority has been created may:

(1) Lend or donate money to the authority;

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Terms Used In South Dakota Codified Laws 49-17A-14

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2

(2) Provide that all or a portion of the taxes or funds available to the subdivision for railroad purposes, be transferred or paid directly to the authority;

(3) Cause water, sewer or drainage facilities, or any other facilities which it is authorized to provide, to be furnished adjacent to or in connection with such railroads or facilities;

(4) Dedicate, sell, convey, or lease any of its interest in any property, or grant easements, licenses, or any other rights or privileges therein to the authority;

(5) Furnish, dedicate, close, pave, install, grade, regrade, plan or replan streets, roads, roadways, and walks from established streets or roads to such railroad facilities;

(6) Aid and cooperate with the authority in the planning, undertaking, construction, or operation of railroad facilities;

(7) Enter into agreements with the authority regarding action to be taken by the subdivision pursuant to the provisions of this section.

Source: SL 1978, ch 344, § 14.