South Dakota Codified Laws > Title 6 > Chapter 20 – Airport Revenue Bonds


§ 6-20-1	Local government airport improvement contracts–Authorization, issuance, andsale of revenue bonds
§ 6-20-2	Contents of authorizing resolution or ordinance
§ 6-20-3	Adoption of resolution by airport board–Approval by governing body
§ 6-20-4	Minimum revenues for issuance of bonds–Items includable in estimated futurerevenues
§ 6-20-5	Funds available for payment of bonds–Pledge of revenue from future facilities
§ 6-20-6	Revenues available for operation and maintenance of airport–Taxing power notused to liquidate bonds–Exceptions
§ 6-20-7	Covenants respecting operation and maintenance of airport
§ 6-20-8	Default in payment of bonds–Mismanagement of airport–Appointment ofreceiver for payment of bonds–Restoration of airport to local control

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Contract: A legal written agreement that becomes binding when signed.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
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.
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.
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2