§ 49-16B-1 Legislative declarations–Public participation in railroad ownership and operation
§ 49-16B-2 Definitions of terms
§ 49-16B-3 Railroad authority created–Members
§ 49-16B-4 Authority attached to bureau of finance and management for reporting purposes–Exercise of functions
§ 49-16B-6 Oath and bond of members
§ 49-16B-7 Per diem and expenses
§ 49-16B-8 Agents and employees
§ 49-16B-9 Seal
§ 49-16B-10 Projects authority may undertake
§ 49-16B-11 Report to legislature recommending projects
§ 49-16B-12 Transfer of jurisdiction or property to authority–Governor’s approval
§ 49-16B-13 Acquisition of property–Construction and maintenance of railroad facilities
§ 49-16B-13.1 Approval of expenditures by railroad board and Governor
§ 49-16B-13.2 Maintenance of public railroad property by Department of Transportation
§ 49-16B-14 Department of Transportation’s powers as to projects
§ 49-16B-15 Lease of facilities and sites
§ 49-16B-16 Lease terms, conditions and rentals
§ 49-16B-17 Leases to contain option to purchase–Purchase price
§ 49-16B-18 Lease provisions for lessee’s payment of taxes, insurance and other costs
§ 49-16B-19 Leases to Department of Transportation–Rents payable solely from appropriations–Amount
§ 49-16B-20 Nonpayment of rent–Maintenance, operation, or lease of facilities
§ 49-16B-21 Rental and charges for facilities leased to other than Department of Transportation–Conveyance at conclusion
§ 49-16B-22 Tax exempt status of authority’s property
§ 49-16B-23 Negotiable revenue bonds–Resolution for issuance–Legislative approval
§ 49-16B-24 Borrowing money and issuing bonds authorized–Refunding and refinancing–Pledgeof income and revenues
§ 49-16B-25 Bonds and notes–Resolution–Issuance–Terms
§ 49-16B-26 Bonds–Repayment from lease income and revenues from facilities financed
§ 49-16B-27 Bonds–Execution and registration–Officers’ signatures
§ 49-16B-28 Bonds–Statements on face
§ 49-16B-29 Obligation of state not authorized
§ 49-16B-30 Contract with holders–Enforcement
§ 49-16B-31 Interim notes–Purposes for which authorized
§ 49-16B-32 Interim notes–Issuance pursuant to resolution–Contents of resolution–Extendingmaturity date
§ 49-16B-33 Interim notes–Registration–Issuance
§ 49-16B-34 Interim notes–Interest–Redemption by authority
§ 49-16B-35 Interim notes–Execution–Attestation–Seal
§ 49-16B-36 Interim notes–Secured by pledge–Repayment from sale of revenue bonds andproperty acquired
§ 49-16B-37 Interim notes–Additional security for payment
§ 49-16B-38 Interim notes not indebtedness within constitutional or statutory limitations
§ 49-16B-39 Payment of interim notes contemporaneously with issue of revenue bonds or escrowof bond proceeds for future repayment
§ 49-16B-40 Interim notes–No personal liability
§ 49-16B-41 Income of authority–Payment to state treasurer or trustee–Railroad authority fund–Disbursements
§ 49-16B-42 Authority to account for income–Disbursements from accounts in fund
§ 49-16B-43 Conveyance of property to state by authority
§ 49-16B-44 Record of lease rental payments–Conveyance of property to state upon receipt ofsufficient rentals to pay bonds
§ 49-16B-46 Contract power of authority
§ 49-16B-47 Bylaws, rules and regulations of authority
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Terms Used In South Dakota Codified Laws > Title 49 > Chapter 16B - South Dakota Railroad Authority

  • 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.
  • Devise: To gift property by will.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Irrevocable trust: A trust arrangement that cannot be revoked, rescinded, or repealed by the grantor.
  • 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
  • Oath: A promise to tell the truth.
  • Oath: includes affirmation. See South Dakota Codified Laws 2-14-2
  • 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
  • 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
  • Trustee: A person or institution holding and administering property in trust.