reglab/housing_qa huggingface dataset:
SD Codified L § 11-7-82 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-82 - Terms of lease or sale of redevelopment property--Development to be carried out by lessee or purchaser--Security provisions--Rental charges to tenants.

11-7-82. Terms of lease or sale of redevelopment property--Development to be carried out by lessee or purchaser--Security provisions--Rental charges to tenants.Any lease or sale of real property in a redevelopment project area may be made without public bidding. The terms of any such lease shall be fixed by the commission, and the instrument of lease may provide for renewals upon reappraisals and with rentals and other provisions adjusted to such reappraisals. The instrument of lease or sale shall provide that the lessee or purchaser shall carry out or cause to be carried out the approved project area redevelopment plan or approved modifications thereof and that no use shall be made of any land or real property included in the lease or sale nor any building or structure erected thereon which does not conform to such approved plan or approved modifications thereof. In the instrument, or instruments, of lease or sale the commission may include such other terms, conditions, and provisions as in its judgment will provide reasonable assurance of the priority of the obligations of the lease or sale over any other obligations of the lessee or purchaser; and assurance of the financial and legal ability of the lessee or purchaser to carry out the terms and conditions of the lease or sale and to begin the building of any improvements within a period of time which the commission fixes as reasonable. The commission may also include such terms, conditions, and specifications concerning buildings, improvements, subleases, or tenancies, maintenance and management, and any other related matters as in its judgment, are necessary to carry out the purposes of this chapter, including provisions whereby the obligations to carry out and conform to the redevelopment plan shall run with the land. In the event that maximum rentals to be charged to tenants of housing be specified, provision may be made for periodic reconsideration of such rental bases, with a view to proposing modification of the redevelopment plan with respect to such rentals. Source: SL 1950 (SS), ch 13, §19, subdiv 2; SDC Supp 1960, §45.3619 (2).
SD Codified L § 11-7-83 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-83 - Commission consent required for grant or assignment of lessee's or purchaser's interest in redevelopment property--Agreements required of grantee or assignee.

11-7-83. Commission consent required for grant or assignment of lessee's or purchaser's interest in redevelopment property--Agreements required of grantee or assignee.Until the commission certifies that all building construction and other physical improvements specified to be done and made by the purchaser or lessee of real property in a redevelopment project area have been completed, the purchaser or lessee shall have no power to convey or assign the real property, any part thereof or interest therein, without the consent of the commission, and no such consent shall be given unless the grantee or assignee of the purchaser or lessee obligates itself or himself by written instrument to the commission to carry out that portion of the redevelopment plan relating to such property, and also that the grantee, his or its heirs, representatives, successors, and assigns, shall have no right or power to convey, lease, or assign the property, any part thereof or interest therein, or erect or use any building or structure erected thereon, free from the obligation and requirement to conform to the approved redevelopment plan or approved modifications thereof. Source: SL 1950 (SS), ch 13, §19, subdiv 3; SDC Supp 1960, §45.3619 (3).
SD Codified L § 11-7-84 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-84 - Modification of redevelopment plans--Consent of lessee or purchaser required.

11-7-84. Modification of redevelopment plans--Consent of lessee or purchaser required.A redevelopment plan may be modified at any time by the commission with the approval of the governing body of the municipality or the county, provided that if modified after the lease or sale of the redevelopment project or parts thereof, the modification must be consented to by the lessee or purchaser of the property affected by the proposed modification. Source: SL 1950 (SS), ch 13, §19, subdiv 4; SDC Supp 1960, §45.3619 (4); SL 1968, ch 186, §10.
SD Codified L § 11-7-85 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-85 - Performance bond required of purchaser or lessee of redevelopment property.

11-7-85. Performance bond required of purchaser or lessee of redevelopment property.The commission may in its discretion require a purchaser or a lessee to furnish a performance bond as security for its fulfillment of the agreement with the commission. The performance bond shall have such surety and be in such form and amount as the commission may approve. Source: SL 1950 (SS), ch 13, §19, subdiv 5; SDC Supp 1960, §45.3619 (5).
SD Codified L § 11-7-86 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-86 - Notice and forfeiture on failure of purchaser or lessee to carry out required development--Repossession and completion of work by commission.

11-7-86. Notice and forfeiture on failure of purchaser or lessee to carry out required development--Repossession and completion of work by commission.If the commission finds that the redevelopment is not being carried out or maintained in accordance with the contract terms and conditions, or there is a failure to prosecute the work with such diligence, or to assure its completion on time, it shall notify the purchaser or lessee and, when one exists, the surety in writing of the noncompliance. Unless the purchaser or lessee complies with the terms of agreement within twenty days from the date of such notice, a forfeiture by the purchaser or lessee to the commission shall result, and the commission may take over the work and may cause such work to be done, and, if there be a surety, the cost of the work shall be paid by the surety. The commission may take possession of and utilize in completion of the work such materials, appliances, and plant as may be on the site of the work and necessary therefor. Thereafter, the commission may operate, sell, or lease the completed premises on such terms as are agreeable with it. Source: SL 1950 (SS), ch 13, §19, subdiv 5; SDC Supp 1960, §45.3619 (5).
SD Codified L § 11-7-87 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-87 - Estimate of costs and proceeds of redevelopment projects--Sufficiency of proceeds and public grants required--Capitalization of estimated revenues.

11-7-87. Estimate of costs and proceeds of redevelopment projects--Sufficiency of proceeds and public grants required--Capitalization of estimated revenues.The cost of a redevelopment project, including administrative expense of the commission allocable to the project and debt charges, shall be known as the public redevelopment cost. The proceeds from the operation, sale, or lease of property in a redevelopment area shall be known as the capital proceeds. It shall be incumbent upon any commission, before engaging in any redevelopment project, to ascertain that federal or state public body grants or other financial assistance shall be sufficient when added to the capital proceeds, to at least equal the public redevelopment cost, provided, however, that the estimated revenues of prospective operations, leases, and sales may be capitalized and a bonded indebtedness assumed thereon, the proceeds of which may be entered into the computation in lieu of actual operation, sale or lease of the property. Source: SL 1950 (SS), ch 13, §20, subdiv 1; SDC Supp 1960, §45.3620 (1).
SD Codified L § 11-7-88 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-88 - Sale or lease for variety of uses as purpose of redevelopment.

11-7-88. Sale or lease for variety of uses as purpose of redevelopment.It is the purpose of this chapter that commissions will sell or lease the land in the redevelopment area (except such land as it may retain for public housing for low-income groups) for any of a variety of purposes, including private housing, commercial, and other purposes. Source: SL 1950 (SS), ch 13, §20, subdiv 2; SDC Supp 1960, §45.3620 (2).
SD Codified L § 11-7-89 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-89 - Local public funds used for redevelopment only to extent not available from other sources.

11-7-89. Local public funds used for redevelopment only to extent not available from other sources.Local public funds shall be provided for a redevelopment project only to the extent that funds are not available therefor from the federal government or other sources. Source: SL 1950 (SS), ch 13, §20, subdiv 3; SDC Supp 1960, §45.3620 (3).
SD Codified L § 11-7-90 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-90 - Commission power to issue bonds and obligations--Housing projects and redevelopment projects kept separate.

11-7-90. Commission power to issue bonds and obligations--Housing projects and redevelopment projects kept separate.A commission may issue its bonds or other obligations in the manner provided in §§11-7-92 to 11-7-101, inclusive; provided, however, that none of the proceeds of such bonds for redevelopment projects and no proceeds or revenues from any redevelopment project shall be used to pay the bonds or costs of or make contributions or loans to any low-rent housing project, nor shall the proceeds, revenues, or proceeds of bonds of any housing project be used to pay the bonds, costs of, or make contributions or loans to any redevelopment project. Source: SL 1950 (SS), ch 13, §20, subdiv 4; SDC Supp 1960, §45.3620 (4).
SD Codified L § 11-7-91 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-91 - Provision for project revenues to be placed in debt service funds.

11-7-91. Provision for project revenues to be placed in debt service funds.The commission may in its discretion provide that all revenues received from its redevelopment projects be placed in a debt service fund for the payment of interest and principal on all bonds issued for any redevelopment project, and the revenue from all such projects shall be paid into the debt service fund until all outstanding bonds have been fully paid. This same power shall exist with regard to housing projects. Source: SL 1950 (SS), ch 13, §20, subdiv 5; SDC Supp 1960, §45.3620 (5).
SD Codified L § 11-7-92 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-92 - Commission power to issue bonds--Refunding bonds.

11-7-92. Commission power to issue bonds--Refunding bonds.A commission shall have power to issue bonds from time to time in its discretion, for any of its corporate purposes. A commission shall also have power to issue refunding bonds for the purpose of paying or retiring bonds, including interest thereon, previously issued by it. Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.
SD Codified L § 11-7-93 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-93 - Income and revenues from which bonds payable--Additional pledge of other funds or assets.

11-7-93. Income and revenues from which bonds payable--Additional pledge of other funds or assets.A commission may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable:(1)Exclusively from the income and revenues of the project financed with the proceeds of such bonds;(2)Exclusively from the income and revenues of certain designated projects whether or not they are financed in whole or in part with the proceeds of such bonds; or(3)From its revenues generally, provided that the housing projects and redevelopment projects of a commission shall be separately financed, and there shall be no confusion of financing or funds between projects of these two separate types.Any such bonds may be additionally secured by a pledge of any grant or contributions, or parts thereof, from the federal government or other source, or a pledge of any income or revenues of the commission, or a mortgage of any project, projects, or other property of the commission. Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.
SD Codified L § 11-7-95 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-95 - Submission of bonds for examination by attorney general--Certification of validity.

11-7-95. Submission of bonds for examination by attorney general--Certification of validity.A commission may submit to the attorney general of the state any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the attorney general, it shall be the duty of the attorney general to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such bonds and proceedings conform to the provisions of this chapter and are otherwise regular in form and if such bonds when delivered and paid for will constitute binding and legal obligations enforceable according to the terms thereof, the attorney general shall certify in substance upon the back of each of said bonds that it is issued in accordance with the Constitution and laws of the State of South Dakota. Source: SL 1950 (SS), ch 13, §27; SDC Supp 1960, §45.3627.
SD Codified L § 11-7-96 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-96 - Issuance of bonds--Maturity dates--Interest rate--Denominations--Registration--Redemption provisions--Signatures.

11-7-96. Issuance of bonds--Maturity dates--Interest rate--Denominations--Registration--Redemption provisions--Signatures.Bonds of a commission shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide. Bonds may be signed by the manual signature of one official designated by the governing body and by facsimile signature of other officials. Source: SL 1950 (SS), ch 13, §22; SDC Supp 1960, §45.3622; SL 1974, ch 114; SL 1975, ch 47, §9; SL 1980, ch 47, §6A; SL 1982, ch 123.
SD Codified L § 11-7-97 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-97 - Private or public sale of bonds--Notice of sale.

11-7-97. Private or public sale of bonds--Notice of sale.The bonds issued by a commission may be sold at private sale or at public sale to the highest bidder after notice of sale has been published once each week for at least two successive weeks in a legal newspaper published in the county where the commission is located. The notice shall specify the time and place of the sale. Source: SL 1950 (SS), ch 13, §22; SDC Supp 1960, §45.3622; SL 1972, ch 35, §7; SL 1984, ch 43, §99.
SD Codified L § 11-7-98 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-98 - Validity of signatures on bonds--Negotiable investment securities.

11-7-98. Validity of signatures on bonds--Negotiable investment securities.If any of the commissioners or officers of the commission whose signatures appear on any bonds or coupons cease to be commissioners or officers before the delivery of the bonds, their signatures shall be valid for all purposes. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter shall be negotiable investment securities within the meaning of chapter 57A-8. Source: SL 1950 (SS), ch 13, §22; SDC Supp 1960, §45.3622; SL 1984, ch 43, §100.
SD Codified L § 11-7-99 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-99 - Tax exemption of bonds.

11-7-99. Tax exemption of bonds.Bonds of a commission are declared to be issued for an essential public and governmental purpose and to be public instrumentalities and, together with interest thereon and income therefrom, shall be exempt from taxes. Source: SL 1950 (SS), ch 13, §21; SDC Supp 1960, §45.3621.
SD Codified L § 11-7-100 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-100 - Recital in bond conclusive as to purpose.

11-7-100. Recital in bond conclusive as to purpose.In any suit, action, or proceeding involving the validity or enforceability of any bond of a commission or the security therefor, any such bond reciting in substance that it has been issued by the commission to aid in financing a project, as defined in §11-7-1, shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of this chapter. Source: SL 1950 (SS), ch 13, §22; SDC Supp 1960, §45.3622.
SD Codified L § 11-7-101 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-101 - Remedies conferred on bondholders by terms of bond.

11-7-101. Remedies conferred on bondholders by terms of bond.A commission shall have power by its resolution, trust indenture, mortgage, lease, or other contract to confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event of default as defined in such resolution or instrument, by suit, action, or proceeding in any court of competent jurisdiction:(1)To cause possession of any project or any part thereof to be surrendered to any such obligee;(2)To obtain the appointment of a receiver of any project of said commission or any part thereof and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such project or any part thereof and operate and maintain same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom, and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of said commission as the court shall direct;(3)To require said commission and the commissioners, officers, agents, and employees thereof to account as if it and they were the trustees of an express trust. Source: SL 1950 (SS), ch 13, §25; SDC Supp 1960, §45.3625.
SD Codified L § 11-7-102 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-102 - Investment in bonds authorized for public funds, financial institutions, trusts, and fiduciaries.

11-7-102. Investment in bonds authorized for public funds, financial institutions, trusts, and fiduciaries.The state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business, and all personal representatives, guardians, trustees, and other fiduciaries may legally invest any moneys or funds belonging to them or within their control in any bonds or other obligations issued by a Housing and Redevelopment Commission created by or pursuant to this chapter, when such bonds or other obligations are secured by a pledge of annual contributions or other financial assistance to be paid by the United States government or any agency thereof, and such bonds and other obligations shall be authorized security for all public deposits; it being the purpose of this chapter to authorize any of the foregoing to use any funds owned or controlled by them, including (but not limited to) sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations; provided, however, that nothing contained in this chapter shall be construed as relieving any person, firm, or corporation from any duty of exercising reasonable care in selecting securities. The provisions of this chapter shall apply notwithstanding any restrictions on investments contained in other laws. Source: SL 1950 (SS), ch 15; SDC Supp 1960, §45.3629; SL 1968, ch 186, §12.
SD Codified L § 11-7-103 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 07 - County And Municipal Housing And Redevelopment|Section 11-7-103 - Acceptance of federal loans and grants authorized--Compliance with conditions.

11-7-103. Acceptance of federal loans and grants authorized--Compliance with conditions.In addition to the powers conferred upon a housing commission by other provisions of this chapter, such commission is empowered to borrow money or accept contributions, grants, or other financial assistance from the federal government for or in aid of any project within its area of operation, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases, or agreements as may be necessary, convenient, or desirable and consistent with this chapter and the laws of this state. Source: SL 1950 (SS), ch 13, §26; SDC Supp 1960, §45.3626.