reglab/housing_qa huggingface dataset:
SD Codified L § 11-11-71 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-71 - Amount required in capital reserve fund for each year.

11-11-71. Amount required in capital reserve fund for each year.For the purposes of §§11-11-72 to 11-11-75, inclusive, the term "maximum capital reserve fund requirement" shall mean, as of any particular date of computation, an amount of money, if provided in the resolution or resolutions of the authority authorizing the bonds secured in whole or in part by such fund, such amount as may be provided therein, but not more than, the greatest of the respective amounts, for the current or any future fiscal year of the authority, of annual debt service on the bonds of the authority secured in whole or in part by such fund, such annual debt service for any fiscal year being the amount of money equal to the aggregate of:(1)All interest payable during such fiscal year on all bonds secured in whole or in part by such fund outstanding on the date of computation, plus(2)The principal amount of all such bonds outstanding on such date of computation which mature during such fiscal year, plus(3)All amounts specified in any resolution of the authority authorizing any such bonds as payable during such fiscal year as an annual debt service fund payment with respect to any of such bonds which mature after such fiscal year. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-62; SL 1974, ch 195, §6.
SD Codified L § 11-11-72 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-72 - Valuation of securities held by capital reserve funds.

11-11-72. Valuation of securities held by capital reserve funds.In computing the amount of the capital reserve funds for the purpose of §§11-11-71 to 11-11-75, inclusive, securities in which all or a portion of such funds shall be invested shall be valued at par or if purchased at less than par, at their cost to the authority. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-63.
SD Codified L § 11-11-73 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-73 - Transfer to other funds of capital reserve fund income.

11-11-73. Transfer to other funds of capital reserve fund income.Any income or interest earned by, or increment to, any capital reserve fund due to the investment thereof may be transferred by the authority to other funds or accounts of the authority to the extent it does not reduce the amount of such capital reserve fund below the maximum capital reserve fund requirement for such fund. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-64.
SD Codified L § 11-11-74 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-74 - Purposes to which moneys in reserve funds applied--Maintenance of required amount.

11-11-74. Purposes to which moneys in reserve funds applied--Maintenance of required amount.All moneys held in any capital reserve fund, except as provided in §11-11-73, shall be used, as required, solely for the payment of the principal of bonds secured in whole or in part by such fund or of the debt service fund payments hereinafter mentioned with respect to such bonds, the purchase or redemption of such bonds, the payment of interest on such bonds, or the payment of any redemption premium required to be paid when such bonds are redeemed prior to maturity; provided, however, that moneys in any such fund shall not be withdrawn therefrom at any time in such amount as would reduce the amount of such fund to less than the maximum capital reserve requirement established for such fund as provided by §11-11-71 except for the purpose of making with respect to bonds secured in whole or in part by such fund payments, when due, of principal, interest, redemption premiums, and the debt service fund payments mentioned in §11-11-71 for the payment of which other moneys of the authority are not available. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-65.
SD Codified L § 11-11-75 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-75 - Deposit in reserve fund of bond proceeds necessary to maintain required amount.

11-11-75. Deposit in reserve fund of bond proceeds necessary to maintain required amount.The authority shall not at any time issue bonds secured in whole or in part by a capital reserve fund if upon the issuance of such bonds, the amount in such capital reserve fund will be less than the maximum capital reserve fund requirement for such fund, unless the authority at the time of issuance of such bonds shall deposit in such fund from the proceeds of the bonds so to be issued, or from other sources, an amount which together with the amount then in such fund, will not be less than the maximum capital reserve requirement for such fund. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-66.
SD Codified L § 11-11-76 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-76 - Annual budget estimate for restoration of capital reserve fund--Governor's budget--Deposit of appropriated funds.

11-11-76. Annual budget estimate for restoration of capital reserve fund--Governor's budget--Deposit of appropriated funds.The chairman of the authority shall annually submit through the Bureau of Finance and Management to the Governor, in accordance with §4-7-7, a budget estimate stating the sum, if any, needed to restore the capital reserve fund to the maximum capital reserve fund requirement for such fund. If the chairman certifies a need to restore the capital reserve fund to its maximum requirement, the Governor shall submit a budget in accordance with §4-7-9 including the sum required to restore the capital reserve fund to its maximum requirement. All sums appropriated and paid shall be deposited by the authority in the applicable capital reserve fund. Source: SL 1973, ch 180, §40; SDCL Supp, §28-19-67; SL 1978, ch 214, §1.
SD Codified L § 11-11-77 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-77 - Other funds created by authority.

11-11-77. Other funds created by authority.The authority shall create and establish such other fund or funds as may be necessary or desirable for its corporate purposes. Source: SL 1973, ch 180, §41; SDCL Supp, §28-19-68.
SD Codified L § 11-11-78 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-78 - Purchase of authority's own bonds--Cancellation--Resale.

11-11-78. Purchase of authority's own bonds--Cancellation--Resale.The authority may, subject to any agreement with bondholders, purchase bonds of the authority out of any funds or money of the authority available therefor, and hold, cancel, or resell such bonds. Source: SL 1973, ch 180, §12 (19); SDCL Supp, §28-19-69; SL 2012, ch 78, §43.
SD Codified L § 11-11-79 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-79 - Price of bonds repurchased for cancellation.

11-11-79. Price of bonds repurchased for cancellation.The authority, subject to such agreements with bondholders as may then exist, may, out of any funds available therefor, purchase bonds of the authority for cancellation. Upon such purchase the bonds shall be canceled, at a price not exceeding:(1)If the bonds are then redeemable, the redemption price then applicable plus accrued interest to the next interest payment thereon; or(2)If the bonds are not then redeemable, the redemption price applicable on the first date after such purchase upon which the bonds become subject to redemption plus accrued interest to such date. Source: SL 1973, ch 180, §34; SDCL Supp, §28-19-70; SL 2012, ch 78, §44.
SD Codified L § 11-11-80 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-80 - Refunding obligations authorized--Application of provisions applicable to original obligations.

11-11-80. Refunding obligations authorized--Application of provisions applicable to original obligations.The authority may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such obligations and for any corporate purpose of the authority. The issuance of such obligations, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the authority in respect of the same shall be governed by the provisions of this chapter which relate to the issuance of obligations, insofar as such provisions may be appropriate therefor. Source: SL 1973, ch 180, §42; SDCL Supp, §28-19-71.
SD Codified L § 11-11-81 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-81 - Sale or exchange of refunding obligations--Investment of proceeds pending redemption of original obligations.

11-11-81. Sale or exchange of refunding obligations--Investment of proceeds pending redemption of original obligations.Refunding obligations issued as provided in §11-11-80 may be sold or exchanged for outstanding obligations issued under this chapter and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of such outstanding obligations. Pending the application of the proceeds of any such refunding obligations, with any other available funds, to the payment of the principal, accrued interest, and any redemption premium on the obligations being refunded, and, if so provided or permitted in the resolution authorizing the issuance of such refunding obligations or in the trust agreement securing the same, to the payment of any interest on such refunding obligations and any expenses in connection with such refunding, such proceeds may be invested in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by the United States of America which shall mature or which shall be subject to redemption by the holders thereof, at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended. Source: SL 1973, ch 180, §43; SDCL Supp, §28-19-72.
SD Codified L § 11-11-82 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-82 - Compliance with certain other state laws not required.

11-11-82. Compliance with certain other state laws not required.The issuance of bonds and the refunding of bonds under the provisions of this chapter need not comply with the requirements of any other state law applicable to the issuance of bonds or other obligations. Contracts for the construction and acquisition of any housing developments undertaken pursuant to this chapter need not comply with the provisions of any other state law applicable to contracts for the construction and acquisition of state owned property. No proceedings, notice, or approval are required for the issuance of any bonds or any instrument as security therefor, except as provided in this chapter. Source: SL 1973, ch 180, §51; SDCL Supp, §28-19-73; SL 2012, ch 78, §45.
SD Codified L § 11-11-83 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-83 - Appointment of trustee by bondholders after authority default.

11-11-83. Appointment of trustee by bondholders after authority default.If the authority defaults in the payment of principal or of interest on any bonds issued under this chapter after the bonds become due, whether at maturity or upon call for redemption, and such default continues for a period of thirty days, or if the authority fails or refuses to comply with the provisions of this chapter, or defaults in any agreement made with the holders of an issue of bonds of the authority, the holders of twenty-five percent in aggregate principal amount of the bonds of such issue then outstanding, by instruments filed in the Office of the Secretary of State and proved or acknowledged in the same manner as a deed to be recorded, may appoint a trustee to represent the holders of such bonds for the purposes provided in §11-11-84. Source: SL 1973, ch 180, §44; SDCL Supp, §28-19-74; SL 2012, ch 78, §46.
SD Codified L § 11-11-84 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-84 - Enforcement of bondholders' rights.

11-11-84. Enforcement of bondholders' rights.A trustee appointed pursuant to §11-11-83 may, and upon written request of the holders of fifty percent in principal amount of such bonds then outstanding shall, in the holder's own name, enforce all rights of the bondholders, including the right to:(1)Require the authority to collect interest and amortization payments on the mortgages held by it adequate to carry out any agreement as to, or pledge of, such interest and amortization payments;(2)Require the authority to carry out any other agreements with the holders of such bonds and to perform its duties under this chapter;(3)Collect and enforce the payment of principal of and interest due or becoming due on loans to mortgage lenders and collect and enforce any collateral securing such loans or sell such collateral;(4)Declare all such bonds due and payable, and if all defaults shall be made good, then with the consent of the holders of fifty percent of the principal amount of such bonds then outstanding, annul such declaration and its consequences, provided that before declaring the principal of bonds due and payable, the trustee shall first give thirty days' notice in writing to the Governor, to the authority, and to the attorney general of the state;(5)Bring suit upon all or any part of such bonds;(6)By action or suit, enjoin any acts or things which may be unlawful or in violation of the rights of the holders of such bonds, and require the authority to account as if it were the trustee of an express trust for the holders of such bonds; and(7)In addition to the foregoing subdivisions, have and possess all the powers necessary or appropriate for the exercise of any functions specifically set forth in this section or incident to the general representation of bondholders in the enforcement and protection of their rights. Source: SL 1973, ch 180, §44 (1); SDCL Supp, §28-19-75; SL 2012, ch 78, §47.
SD Codified L § 11-11-91 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-91 - Circuit court jurisdiction of proceedings by trustee.

11-11-91. Circuit court jurisdiction of proceedings by trustee.The circuit court has jurisdiction of any suit, action, or proceeding by the trustee on behalf of bondholders. Source: SL 1973, ch 180, §44; SDCL Supp, §28-19-82; SL 2012, ch 78, §54.
SD Codified L § 11-11-93 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-93 - State pledge to bondholders.

11-11-93. State pledge to bondholders.The state hereby pledges to and agrees with the holders of any bonds issued under this chapter that the state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the holders thereof or in any way impair the rights and remedies of the holders until the bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The authority may include this pledge and agreement of the state in any agreement with the holders of the bonds. Source: SL 1973, ch 180, §45; SDCL Supp, §28-19-84; SL 2012, ch 78, §56.
SD Codified L § 11-11-94 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-94 - Commissioners and executive director not personally liable.

11-11-94. Commissioners and executive director not personally liable.Neither the commissioners or executive director of the authority nor any other person executing such bonds is subject to any personal liability or accountability by reason of the issuance of such bonds. Source: SL 1973, ch 180, §32; SDCL Supp, §28-19-85; SL 2012, ch 78, §57.
SD Codified L § 11-11-95 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-95 - Negotiability of bonds.

11-11-95. Negotiability of bonds.Whether or not the bonds are of the form and character as to be negotiable instruments under the terms of the South Dakota Uniform Commercial Code, the bonds are hereby made negotiable instruments within the meaning of and for all the purposes of the South Dakota Uniform Commercial Code, subject only to the provisions of the bonds for registration. Source: SL 1973, ch 180, §36; SDCL Supp, §28-19-86; SL 2012, ch 78, §58.
SD Codified L § 11-11-96 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-96 - Securities regulation--Bonds treated as securities of state instrumentality.

11-11-96. Securities regulation--Bonds treated as securities of state instrumentality.For the purposes of chapter 47-31B, bonds issued by the authority are deemed to be securities issued by a public instrumentality of the State of South Dakota. Source: SL 1973, ch 180, §50; SDCL Supp, §28-19-87; SL 1989, ch 30, §33; SL 2004, ch 278, §59.
SD Codified L § 11-11-97 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-97 - Bonds as legal investments for financial institutions and fiduciaries.

11-11-97. Bonds as legal investments for financial institutions and fiduciaries.The state and all counties, municipalities, villages, and other municipal corporations, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, and all personal representatives, guardians, trustees, and other fiduciaries may legally invest any debt service funds, moneys or other funds belonging to them or within their control in any bonds issued pursuant to this chapter. The bonds may be deposited or segregated in lieu of surety bonds to secure deposits of any public funds, as provided in §4-6A-3 and any other law relating to the securing of public deposits. Source: SL 1973, ch 180, §47; SDCL Supp, §28-19-88; SL 1974, ch 195, §8; SL 1992, ch 60, §2; SL 2012, ch 78, §59.
SD Codified L § 11-11-97.1 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-97.1 - Authority may contract to manage payment or interest rate risk for bonds.

11-11-97.1. Authority may contract to manage payment or interest rate risk for bonds.The authority may enter into any contract that the authority determines necessary or appropriate to manage payment or interest rate risk for bonds issued pursuant to this chapter, the investment of proceeds, or other funds of the authority. The contracts may include: interest rate exchange agreements; contracts providing for payment or receipt of funds based on levels of or changes in interest rates; contracts to exchange cash flows or series of payments; or contracts incorporating interest rate caps, collars, floors, or locks. Source: SL 2003, ch 10, §5.
SD Codified L § 11-11-98 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-98 - Investment of authority funds.

11-11-98. Investment of authority funds.The authority may, subject to any agreement with bondholders, invest moneys of the authority, including proceeds from the sale of any bonds, in:(1)Direct obligations of or obligations guaranteed as to principal and interest by the United States of America or the State of South Dakota;(2)Bonds, notes, or other obligations issued by the government national mortgage association, any federal land bank, bank for cooperatives, federal intermediate credit banks, or any or all of the federal farm credit banks, the federal home loan bank system, the federal home loan mortgage corporation, or the federal national mortgage association, or any other federal entity to which similar powers have been granted;(3)Negotiable or nonnegotiable certificates of deposit issued by any bank as defined in subdivision 51A-1-2(2) or any federally chartered bank located within the state which is insured by the Federal Deposit Insurance Corporation, if then in existence;(4)Any other obligations of the state or of the United States of America or any agency or instrumentality of either thereof which may then be purchased with funds belonging to the state or held in the state treasury; or(5)Such securities and deposit accounts as are permissible for the investment of state public funds by the state investment officer under the provisions of §4-5-26. Source: SL 1973, ch 180, §12 (17); SDCL Supp, §28-19-89; SL 1974, ch 195, §1; SL 1979, ch 37, §5; SL 2012, ch 78, §60.
SD Codified L § 11-11-100 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-100 - Acquisition and disposition of property.

11-11-100. Acquisition and disposition of property.The authority may acquire real or personal property, or any interest therein, on either a temporary or long-term basis in the authority's own name by gift, purchase, transfer, foreclosure, lease, or otherwise, including rights or easements in real property; hold, sell, assign, lease, encumber, mortgage, or otherwise dispose of any real or personal property or any interest therein; hold, sell, assign, or otherwise dispose of any mortgage lien interest owned by the authority or under the authority's control, custody, or in the authority's possession; and release or relinquish any right, title, claim, lien, interest, easement, or demand however acquired, including any equity or right of redemption in property foreclosed by the authority and do any of the foregoing by public or private sale, with or without public bidding, notwithstanding the provisions of any other law. Source: SL 1973, ch 180, §12 (7); SDCL Supp, §28-19-91; SL 2012, ch 78, §62.