§ 28-18-1 Formation of nonprofit corporations for care of aged authorized
§ 28-18-2 Area of operation of nonprofit corporation–Control by board of directors
§ 28-18-3 Self-liquidating bonds issued by nonprofit corporation
§ 28-18-4 Cooperation and contributions of private and public agencies accepted bynonprofit corporation–Charges and conditions for admission
§ 28-18-5 Lease of property to nonprofit corporation by Department of Social Services
§ 28-18-6 County and municipal contributions to nonprofit corporations–Maximum–Appropriation from general fund
§ 28-18-7 Municipal revenue bonds authorized for establishment and operation offacilities for the aged
§ 28-18-8 Authorization, issuance, and sale of bonds
§ 28-18-9 Municipal revenue bonds payable solely from revenues–Credit and taxingpower not pledged–Indebtedness not within constitutional limits
§ 28-18-11 Covenants and agreements in municipal revenue bonds for protection ofbondholders–Remedies of bondholders
§ 28-18-12 Reference in bonds to authorizing resolutions–Negotiability
§ 28-18-14 Special fund created prior to delivery of bonds–Gross receipts pledged tofund
§ 28-18-17 Rentals and charges established by municipality–Expenses and bondretirement covered by revenues
§ 28-18-17.1 Lease-purchase agreements authorized–Pledge of facility and net earnings topayment of bonds and interest
§ 28-18-18 Operational expenses paid from special fund–Appropriations for payment ofbonds
§ 28-18-19 Findings and determinations binding on municipality
§ 28-18-20 Severability of provisions
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Terms Used In South Dakota Codified Laws > Title 28 > Chapter 18 - Facilities for Care of the Aged

  • 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
  • Continuance: Putting off of a hearing ot trial until a later time.
  • 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.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • 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.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2