reglab/housing_qa huggingface dataset:
SD Codified L § 49-16B-29 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-29 - Obligation of state not authorized.

49-16B-29. Obligation of state not authorized.Nothing in this chapter authorizes the authority or any department, board, commission, or other agency to create an obligation of the State of South Dakota within the meaning of the Constitution or statutes of South Dakota. Source: SL 1980, ch 323, §28; SL 2010, ch 145, §198.
SD Codified L § 49-16B-30 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-30 - Contract with holders--Enforcement.

49-16B-30. Contract with holders--Enforcement.The provisions of this chapter and of any resolution or proceeding authorizing the issuance of bonds constitutes a contract with the holders of such bonds. The provisions are enforceable either in law or in equity, by suit, action in mandamus or other proceeding in any court of competent jurisdiction to enforce and compel the performance of any duties required by this chapter or any resolution or proceeding authorizing the issuance of the bonds, including the establishment of sufficient charges, fees, or rentals and the application of the income from a project under this chapter as provided in §49-16B-26. Source: SL 1980, ch 323, §29; SL 2010, ch 145, §199.
SD Codified L § 49-16B-31 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-31 - Interim notes--Purposes for which authorized.

49-16B-31. Interim notes--Purposes for which authorized.In addition to the permanent financing authorized by §§49-16B-23 to 49-16B-30, inclusive, the authority may borrow money and issue interim notes in evidence thereof for any of the projects, or to perform any of the duties authorized under this chapter, and in addition may borrow money and issue interim notes for planning, design, and engineering services, acquisition of land, purchase of equipment, movable or otherwise as set forth in §§49-16B-32 to 49-16B-39, inclusive. Source: SL 1980, ch 323, §30.
SD Codified L § 49-16B-32 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-32 - Interim notes--Issuance pursuant to resolution--Contents of resolution--Extending maturity date.

49-16B-32. Interim notes--Issuance pursuant to resolution--Contents of resolution--Extending maturity date.Whenever the authority deems it advisable and in the interests of the authority to borrow funds temporarily for any of the purposes enumerated in §49-16B-31, the authority may from time to time, and pursuant to appropriate resolution, issue interim notes to evidence such borrowings, including funds for the payment of interest on such borrowings and funds for all necessary and incidental expenses in connection with any of the purposes provided for by this section and this chapter until the date of the permanent financing. Any resolution authorizing the issuance of such notes shall describe the project to be undertaken and shall specify the principal amount, rate of interest and maturity date, but not to exceed five years from date of issue, and such other terms as may be specified in such resolution. However, the time of payment of any such notes may be extended for a period of not exceeding three years from the maturity date thereof. Source: SL 1980, ch 323, §31.
SD Codified L § 49-16B-33 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-33 - Interim notes--Registration--Issuance.

49-16B-33. Interim notes--Registration--Issuance.The authority may provide for the registration of the notes in the name of the owner either as to principal alone, or as to both principal and interest, on such terms and conditions as the authority may determine by the resolution authorizing their issue. The notes shall be issued from time to time by the authority as funds are borrowed, in the manner the authority may determine. Source: SL 1980, ch 323, §32.
SD Codified L § 49-16B-34 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-34 - Interim notes--Interest--Redemption by authority.

49-16B-34. Interim notes--Interest--Redemption by authority.Interest on the notes may be made payable semiannually, annually or at maturity. The notes may be made redeemable, prior to maturity, at the option of the authority, in the manner and upon the terms fixed by the resolution authorizing their issuance. Source: SL 1980, ch 323, §32.
SD Codified L § 49-16B-35 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-35 - Interim notes--Execution--Attestation--Seal.

49-16B-35. Interim notes--Execution--Attestation--Seal.The notes may be executed in the name of the authority by the chairman of the authority or by any other officer or officers of the authority as the authority by resolution may direct, shall be attested by the secretary or such other officer or officers of the authority as the authority may by resolution direct, and be sealed with the authority's corporate seal. Source: SL 1980, ch 323, §32.
SD Codified L § 49-16B-36 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-36 - Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.

49-16B-36. Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.All such notes and the interest thereon may be secured by a pledge of any income and revenue derived by the authority from the project to be undertaken with the proceeds of the notes, after deducting from such income and revenue any reasonable and necessary maintenance and operation expenses, and shall be payable solely from the proceeds to be derived from the sale of any revenue bonds for permanent financing authorized to be issued under §§49-16B-23 to 49-16B-30, inclusive, and from the property acquired with the proceeds of the notes. Source: SL 1980, ch 323, §32.
SD Codified L § 49-16B-37 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-37 - Interim notes--Additional security for payment.

49-16B-37. Interim notes--Additional security for payment.The authority, in order further to secure the payment of the interim notes, may make any other or additional covenants, terms and conditions not inconsistent with the provisions of §§49-16B-13 and 49-16B-15, and do any and all acts and things as may be necessary or convenient or desirable in order to secure payment of its interim notes, or, in the discretion of the authority, as will tend to make the interim notes more acceptable to lenders, notwithstanding that the covenants, acts or things may not be enumerated herein. However, nothing contained in this section authorizes the authority to secure the payment of the interim notes out of property or facilities, other than the facilities acquired with the proceeds of the interim notes, and any net income and revenue derived from the facilities and the proceeds of revenue bonds. Source: SL 1980, ch 323, §33; SL 2010, ch 145, §200.
SD Codified L § 49-16B-38 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-38 - Interim notes not indebtedness within constitutional or statutory limitations.

49-16B-38. Interim notes not indebtedness within constitutional or statutory limitations.The interim notes do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Source: SL 1980, ch 323, §34; SL 2010, ch 145, §201.
SD Codified L § 49-16B-39 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-39 - Payment of interim notes contemporaneously with issue of revenue bonds or escrow of bond proceeds for future repayment.

49-16B-39. Payment of interim notes contemporaneously with issue of revenue bonds or escrow of bond proceeds for future repayment.Contemporaneously with the issue of revenue bonds as provided by this chapter, all interim notes, even though they may not then have matured, shall be paid, both principal and interest to date of payment, from the funds derived from the sale of revenue bonds for the permanent financing and such interim notes shall be surrendered and canceled, or the proceeds at the sale of said bonds, excepting the accrued interest received, shall be used to purchase direct obligations of the United States of America so long as such obligations will mature at such time or times, with interest thereon or the proceeds received therefrom, to provide funds adequate to pay when due or called for redemption prior to maturity the notes to be refunded, together with the interest accrued thereon and any redemption premium due thereon, and such proceeds or obligations of the United States of America shall, with all other funds legally available for such purpose, be deposited in escrow with a banking corporation, or national banking association, located in and doing business in the State of South Dakota, with power to accept and execute trusts, or any successor thereto, which is also a member of the federal deposit insurance corporation and of the federal reserve system, to be held in an irrevocable trust solely for and until the payment and redemption of the notes so to be refunded, and any balance remaining in said escrow after the payment and retirement of the notes to be refunded shall be returned to said authority to be used and held for use as revenues pledged for the payment of said refunding bonds. Source: SL 1980, ch 323, §35.
SD Codified L § 49-16B-40 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-40 - Interim notes--No personal liability.

49-16B-40. Interim notes--No personal liability.No member, officer, agent, or employee of the authority, nor any other person who executes interim notes, may be liable personally by reason of the issuance thereof. Source: SL 1980, ch 323, §35.
SD Codified L § 49-16B-41 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-41 - Income of authority--Payment to state treasurer or trustee--Railroad authority fund--Disbursements.

49-16B-41. Income of authority--Payment to state treasurer or trustee--Railroad authority fund--Disbursements.The gross total income derived by the authority from:(1)The sale of bonds;(2)Charges, fees, or rentals; and(3)All other revenue derived from any project undertaken pursuant to this chapter;shall be paid to the treasurer of the State of South Dakota or to a trustee under a resolution, trust indenture or other security agreement. The income shall beheld by the state treasurer or a trustee in trust for the purposes of this chapter, in a special fund known as the railroad authority fund. In all cases, the state treasurer shall be ex officio custodian of such fund. Disbursements shall be made from such fund upon the order of the authority. Source: SL 1980, ch 323, §36; SL 1981 (2d SS), ch 4, §9.
SD Codified L § 49-16B-42 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-42 - Authority to account for income--Disbursements from accounts in fund.

49-16B-42. Authority to account for income--Disbursements from accounts in fund.The authority shall keep account of the gross total income derived from each separate project or any combination thereof undertaken pursuant to this chapter. Disbursements from a given account in the railroad authority fund shall be ordered by the authority only for the payment of:(1)The principal of and interest on the bonds issued for each project, or combination thereof;(2)The cost of maintenance and operation of the facility or facilities, unless otherwise provided for; and(3)Any other purposes set forth in the resolution authorizing the issuance of said bonds. Source: SL 1980, ch 323, §37.
SD Codified L § 49-16B-43 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-43 - Conveyance of property to state by authority.

49-16B-43. Conveyance of property to state by authority.To accomplish projects of the kind listed in §49-16B-10, the authority shall convey property, without charge, to the Department of Transportation if and when all debts which have been secured by the income from the property have been paid. In addition, the railroad authority may, prior to the payment of all debts secured by such property, convey property to the state or its subdivisions for public purposes or improvements, if the sale of secured property is made only after a finding by the railroad authority that the sale does not materially or adversely affect the interests of secured creditors and if the proceeds from any sale shall be used to reduce or provide for the payment of any outstanding debt. Source: SL 1980, ch 323, §38; SL 1981, ch 329, §4; SL 1996, ch 20, §28.
SD Codified L § 49-16B-44 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-44 - Record of lease rental payments--Conveyance of property to state upon receipt of sufficient rentals to pay bonds.

49-16B-44. Record of lease rental payments--Conveyance of property to state upon receipt of sufficient rentals to pay bonds.An accurate record shall be kept of the rental payments under each lease entered into by the authority or Department of Transportation. If the rentals applicable to each project or facility, or any combination thereof, constructed, completed, improved, and equipped are paid, in amounts sufficient to amortize and pay the principal of and interest upon the total principal amounts of bonds of the authority issued to pay the cost of each project or facility, including maintenance and operation expenses and that proportion of the administrative expense of the authority as provided for by each lease, the property shall, except as may be otherwise provided in a lease, be conveyed without charge to the State of South Dakota. Source: SL 1980, ch 323, §39; SL 1981, ch 329, §5; SL 1981 (2d SS), ch 4, §10; SL 1996, ch 20, §29.
SD Codified L § 49-16B-46 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-46 - Contract power of authority.

49-16B-46. Contract power of authority.The authority may enter into contracts regarding any matter connected with any corporate purpose within the objects and purposes of this chapter. Source: SL 1980, ch 323, §41.
SD Codified L § 49-16B-47 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16B - South Dakota Railroad Authority|Section 49-16B-47 - Bylaws, rules and regulations of authority.

49-16B-47. Bylaws, rules and regulations of authority.To accomplish projects of the kind listed in §49-16B-10, the authority may adopt all necessary bylaws, rules, and regulations for the conduct of the business and affairs of the authority, and for the management and use of facilities and sites acquired under the powers granted by this chapter. Source: SL 1980, ch 323, §42.
SD Codified L § 49-16C-1 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-1 - Railroad trust fund--Creation--Expenditure.

49-16C-1. Railroad trust fund--Creation--Expenditure.For the purposes of planning, enlarging, maintaining, equipping, and protecting railroads and railroad facilities, there is hereby created a special fund within the state treasury known as the railroad trust fund. All moneys in the fund, except as otherwise provided in this chapter, shall be expended in accordance with the provisions of chapter 4-7, chapter 4-8, chapter 4-8A, and chapter 4-8B. Source: SL 1981, ch 100, §3.
SD Codified L § 49-16C-2 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-2 - Transfer of money to railroad authority fund.

49-16C-2. Transfer of money to railroad authority fund.Upon approval of a proposed expenditure as provided for in §49-16B-13.1, the Governor shall order the approved amount of money transferred from the railroad trust fund to the railroad authority fund. Source: SL 1981, ch 100, §6.
SD Codified L § 49-16C-3 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-3 - Loans to regional railroad authorities--Procedure.

49-16C-3. Loans to regional railroad authorities--Procedure.The South Dakota State Railroad Board may upon the written approval of the Governor make loans from the railroad trust fund to regional railroad authorities upon such terms and conditions as the State Railroad Board may determine. The South Dakota State Railroad Board shall adopt rules, pursuant to chapter 1-26 establishing the procedures for loan application and approval. Source: SL 1981, ch 100, §7.
SD Codified L § 49-16C-4 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-4 - Interest and fees on loans to regional authorities.

49-16C-4. Interest and fees on loans to regional authorities.The South Dakota State Railroad Board may set from time to time the interest rates at which it shall make the loans provided for in §49-16C-3. In addition to such interest charges, the board may make and collect such costs, fees, and other charges as the board may deem necessary. Source: SL 1981, ch 100, §8.
SD Codified L § 49-16C-5 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-5 - Expenditures to match federal funds.

49-16C-5. Expenditures to match federal funds.The South Dakota State Railroad Board may, with the approval of the Governor, expend funds from the railroad trust fund to match federal railroad rehabilitation funds. Source: SL 1981, ch 100, §9.
SD Codified L § 49-16C-6 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-6 - Expenditure to join other states in preserving certain railroad.

49-16C-6. Expenditure to join other states in preserving certain railroad.The South Dakota State Railroad Board may, upon approval of the Governor, expend from the railroad trust fund an amount not to exceed one million dollars to join with other states to preserve the railroad line extending from Jonathan, Minnesota, in a westerly direction through South Dakota to Miles City, Montana. Source: SL 1981, ch 100, §10.
SD Codified L § 49-16C-7 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-7 - Continuous appropriation of fund.

49-16C-7. Continuous appropriation of fund.Any funds in the railroad trust fund designated for expenditure by any of the provisions of §49-16B-13.1, 49-16C-2, 49-16C-3, 49-16C-5, or 49-16C-6 are hereby continuously appropriated for such purposes. Source: SL 1981, ch 100, §10A.
SD Codified L § 49-16C-8 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 16C - Railroad Trust Fund|Section 49-16C-8 - Purchase of rolling stock or operation of railroad not authorized.

49-16C-8. Purchase of rolling stock or operation of railroad not authorized.Provisions of this chapter do not constitute permission to purchase railroad rolling stock or to operate any railroad. Source: SL 1981, ch 100, §11.
SD Codified L § 49-17-19 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-19 - Acceptance by commission of funds for railroad improvement--Acquisition, construction and operation of facilities.

49-17-19. Acceptance by commission of funds for railroad improvement--Acquisition, construction and operation of facilities.The South Dakota Transportation Commission may apply for, accept and expend federal, state, local, and private funds for the improvement of rail transportation. The Transportation Commission may contract for the acquisition, construction, improvement, maintenance, or operation of railroads or railroad facilities. Source: SL 1978, ch 343, §1.
SD Codified L § 49-17-20 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-20 - Acceptance of moneys for county or municipality for railroad purposes.

49-17-20. Acceptance of moneys for county or municipality for railroad purposes.The South Dakota Transportation Commission may act for any county or municipality upon the request of the governing body of such county or municipality, in accepting and receiving moneys for railroad purposes. Source: SL 1978, ch 343, §2.
SD Codified L § 49-17-21 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-21 - Contracts for continuation and improvement of freight service.

49-17-21. Contracts for continuation and improvement of freight service.The South Dakota Transportation Commission may enter into on behalf of the state and for any county or municipality, upon the request of the governing body of such county or municipality, compacts, contracts, or agreements with any state or states, and with public or private corporations operating railroad lines if such compact, contracts, or agreements are deemed necessary for the continuance or improvement of railroad freight service in South Dakota. Source: SL 1978, ch 343, §3.
SD Codified L § 49-17-22 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-22 - Identification of branch trackage with potential for service.

49-17-22. Identification of branch trackage with potential for service.The Department of Transportation shall identify those segments of branch line railroad trackage which, if improved, may provide increased transportation services for the citizens of this state. Source: SL 1978, ch 342, §1.
SD Codified L § 49-17-23 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-23 - Programs for improvement of freight service on branch trackage.

49-17-23. Programs for improvement of freight service on branch trackage.The Department of Transportation shall develop and implement programs to encourage the improvement of rail freight services on such railroad trackage. Source: SL 1978, ch 342, §2.
SD Codified L § 49-17-24 (2021)
2021 South Dakota Codified Laws|Title 49 - Public Utilities and Carriers|Chapter 17 - State Aid To Railroad Construction And Maintenance|Section 49-17-24 - Contracts for improvement of freight service.

49-17-24. Contracts for improvement of freight service.The Department of Transportation, with the approval of the South Dakota Transportation Commission, may enter into agreements with railroad corporations, the United States government, persons, municipalities, counties, or regional railroad authorities for carrying out the purposes of §§49-17-22 and 49-17-23. Source: SL 1978, ch 342, §3.