reglab/housing_qa huggingface dataset:
SD Codified L § 1-16B-68 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-68 - Tax exemption--Filing fee exemption.

  1-16B-68  .  Tax exemption--Filing fee exemption.   The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of the state. The authority is not required to pay any tax or assessment on any property owned by the authority under the provisions of this chapter or upon the income therefrom; nor is the authority required to pay any transfer tax of any kind on account of instruments recorded by the authority or on the authority's behalf.     Source:  SL 2020, ch 4, § 16.
SD Codified L § 1-16B-69 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-69 - Bonds as authorized investments and securities for deposits.

  1-16B-69  .  Bonds as authorized investments and securities for deposits.   The bonds and notes of the authority are hereby made securities in which all public officers and bodies of this state and all municipal subdivisions, all insurance companies and associations and other persons carrying on insurance business, all banks, bankers, trust companies, including savings and loan associations, building and loan associations, investment banking companies, and other persons carrying on an investment banking business, all personal representatives, conservators, trustees, and other fiduciaries, and all other persons who are authorized to invest in bonds or obligations of the state, may properly and legally invest in the bonds and notes of the authority funds including capital in their own control or belonging to them. The bonds and notes are also hereby made securities which may be deposited with and may be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of bonds or notes or other obligations of this state is authorized.     Source:  SL 2020, ch 4, § 17.
SD Codified L § 1-16B-70 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-70 - Promulgation of rules.

  1-16B-70  .  Promulgation of rules.   The authority may, pursuant to chapter   1-26  , adopt any rules or regulations to implement the purposes of this chapter, including:   (1) Setting forth the procedures for applicants to apply for loans under this chapter;   (2) Establishing criteria for determining which applicants will receive the loans;   (3) Governing the use of proceeds of the loans;   (4) Establishing criteria for the terms and conditions upon which the loans shall be made, including the terms of security given, if any, to secure the loans; and   (5) Governing the use of proceeds by lenders of funds advanced to the lenders by the authority including the terms and conditions upon which the proceeds shall be loaned to borrowers for the purposes described in this chapter.     Source:  SL 2020, ch 4, § 18.
SD Codified L § 1-16B-71 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-71 - Liberal construction of chapter.

  1-16B-71  .  Liberal construction of chapter.   This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed so as to effectuate its purposes.     Source:  SL 2020, ch 4, § 19.
SD Codified L § 1-16B-72 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-72 - Disposition of authority assets on dissolution.

  1-16B-72  .  Disposition of authority assets on dissolution.   If, after all indebtedness and other obligations of the authority are discharged, the authority is dissolved, its remaining assets shall inure to the benefit of the state.     Source:  SL 2020, ch 4, § 20.
SD Codified L § 1-16B-73 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16B - Economic Development Finance Authority|Section 1-16B-73 - Compliance with Internal Revenue Code.

  1-16B-73  .  Compliance with Internal Revenue Code.   Notwithstanding any other provision of law, the authority in order to accomplish the purposes provided in this chapter may perform all acts necessary to comply with the requirements of §103 of the Internal Revenue Code of 1986, as amended, and any regulation promulgated pursuant to §103 to insure that all interest from bonds issued under this chapter are tax exempt.   All hearings or acts necessary to comply with §147(f) of the Internal Revenue Code of 1986, as amended, and any regulations promulgated pursuant to §147(f) are exempt from the requirements and procedures of chapter   1-26  .   The Governor is the approving representative for the state for the purpose of complying with the applicable provisions of §147(f) of the Internal Revenue Code of 1986, as amended, and any regulations promulgated pursuant to §147(f) necessary to insure that all interest from bonds issued are tax exempt.     Source:  SL 2020, ch 4, § 21.
SD Codified L § 1-16G-1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-1 - Board of Economic Development created--Appointment--Terms.

1-16G-1. Board of Economic Development created--Appointment--Terms.There is created a Board of Economic Development and the Governor may appoint up to thirteen members to consult with and advise the Governor and the commissioner of the Governor's Office of Economic Development in carrying out the functions of the office. The members shall be confirmed by the senate. The members of the board shall be appointed by the Governor for four-year terms of office so arranged that no more than four members' terms expire in any given year. Not all members may be from the same political party. The Governor shall designate the terms at the time of appointment. Any member appointed to fill a vacancy arising from other than the natural expiration of a term shall serve only the unexpired portion of the term. Source: SL 1987, ch 390 (Ex. Ord. 87-1), §37; SL 1988, ch 439 (Ex. Ord. 88-1), §20; SDCL §1-42-15.1; SL 2005, ch 10, §2; SL 2011, ch 1 (Ex. Ord. 11-1), §85, eff. Apr. 12, 2011; SL 2013, ch 7, §22, eff. Mar. 20, 2013.
SD Codified L § 1-16G-1.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-1.1 - Authority of Board of Economic Development.

1-16G-1.1. Authority of Board of Economic Development.The Board of Economic Development, in order to implement this chapter, may:(1)Make contracts and execute all instruments;(2)Establish interest rates within the bounds as otherwise statutorily provided;(3)Collect fees and charges, as are determined to be necessary, reasonable, and proper in connection with its loans, advances, leases, grants, servicing, and other activities;(4)Provide for the repayment and redeposit of loan and lease payments;(5)Sue and be sued;(6)Foreclose any mortgages, deed of trust, notes, debentures, bonds, and other security interest held by it, either by action or by exercise of a power of sale, and sell the equity redemption in the security interests in accordance with the terms of instruments and applicable state law, and take any other actions necessary to enforce any obligations held by it;(7)Perform any act and execute any instrument which is necessary or convenient to the exercise of the powers granted by this chapter or reasonably implied from it;(8)Enter into agreement with any agency of the United States government to make and service loans and loan guarantees; and(9)Sell loans or loan guarantees at public or private sale. Source: SL 1997, ch 7, §1; SL 1999, ch 4, §1.
SD Codified L § 1-16G-1.2 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-1.2 - Foreclosure as means of protecting loan--Sale, transfer, or conveyance of property.

1-16G-1.2. Foreclosure as means of protecting loan--Sale, transfer, or conveyance of property.The Board of Economic Development may take title by foreclosure to any property given as security if the acquisition is necessary to protect any loan made under this chapter, and may sell, transfer, or convey any such property to any responsible buyer. Any sale of property hereunder shall be performed in a commercially reasonable manner. If the sale, transfer, or conveyance cannot be effected with reasonable promptness, the board may, in order to prevent financial loss and sustain employment, lease the property to a responsible tenant or tenants.All sale proceeds or lease payments received by the board pursuant to this section shall be deposited in the fund from which the original loan was made. Source: SL 1997, ch 7, §2.
SD Codified L § 1-16G-1.3 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-1.3 - Nonvoting members of Board of Economic Development.

1-16G-1.3. Nonvoting members of Board of Economic Development.In addition to the members of the Board of Economic Development appointed pursuant to §1-16G-1, four nonvoting members shall be appointed to the board by the Legislature as follows:(1)The majority leader of the Senate shall appoint one member of the Senate;(2)The minority leader of the Senate shall appoint one member of the Senate;(3)The majority leader of the House of Representatives shall appoint one member of the House of Representatives; and(4)The minority leader of the House of Representatives shall appoint one member of the House of Representatives.The members shall be appointed to the board for a term of two years before the close of each regular session of the Legislature. If there is a vacancy, the vacancy shall be filled in the same manner as the original appointment. Source: SL 2013, ch 7, §23, eff. Mar. 20, 2013.
SD Codified L § 1-16G-3 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-3 - Revolving economic development and initiative fund--Purpose.

1-16G-3. Revolving economic development and initiative fund--Purpose.There is established in the state treasury a special revenue fund to be known as the revolving economic development and initiative fund for the purpose of making grants and loans for economic development. Source: SL 1987, ch 98, §1; SL 1988, ch 17, §6; SDCL §1-42-24; SL 2007, ch 5, §1.
SD Codified L § 1-16G-5 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-5 - Receipt of repayment of loans and interest--Rules--Loans for credit enhancement--Reversion of excess.

1-16G-5. Receipt of repayment of loans and interest--Rules--Loans for credit enhancement--Reversion of excess.Any repayment of loans made and any interest thereon shall be receipted into the revolving economic development and initiative fund and all money in the fund is hereby appropriated for the purposes of making grants and loans as provided in §§1-16G-3 to 1-16G-11, inclusive. The Board of Economic Development may promulgate rules pursuant to chapter 1-26, to make grants and loans from the revolving economic development and initiative fund, and may establish criteria for the qualification, application, payment, and repayment of funds for such projects.The board may also make loans from the revolving economic development and initiative fund to the South Dakota Economic Development Finance Authority for the purposes of assisting in the credit enhancement requirements of bond issues, notes, loan guarantees and bond insurance. Any excess in the capital reserve fund of the economic development finance authority on June thirtieth of each year shall revert to the revolving economic development and initiative fund for the purposes of principal and interest reduction. Source: SL 1987, ch 98, §15; SL 1988, ch 16; SDCL §1-42-26; SL 2004, ch 11, §1; SL 2007, ch 5, §2.
SD Codified L § 1-16G-6 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-6 - No appeal by applicant from board's action.

1-16G-6. No appeal by applicant from board's action.In no event may an applicant appeal from the board's action pursuant to chapter 1-26. Source: SL 1988, ch 17, §2; SDCL 1-42-28.1.
SD Codified L § 1-16G-7 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-7 - Acceptance and expenditure of other funds by Board of Economic Development.

1-16G-7. Acceptance and expenditure of other funds by Board of Economic Development.The Board of Economic Development may accept and expend for the purpose of §§1-16G-3 to 1-16G-11, inclusive, in addition to the amounts deposited in the revolving economic development and initiative fund, any funds obtained from federal sources, gifts, contributions, or any other source if such acceptance and expenditure is approved in accordance with §4-8B-10. Source: SL 1987, ch 98, §16; SDCL 1-42-30.
SD Codified L § 1-16G-8 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-8 - Promulgation of rules.

1-16G-8. Promulgation of rules.The Board of Economic Development shall promulgate rules pursuant to chapter 1-26 concerning the following:(1)The existing barriers to economic growth and development in the state;(2)Developing investment in research and development in high technology industries;(3)The submission of business plans prior to the approval of economic development grants or loans. Business plans shall include the products or services to be offered by the applicant, job descriptions with attendant salary or wage information by job category, educational requirements by job category, methods of accounting, financing other than that provided by the economic development loan, and marketing, sales, merchandising, and other disciplines proposed to be used for business growth and expansion;(4)The cooperation between agencies of state government and applicant businesses for nonfinancial services including loan packaging, marketing assistance, research assistance, and assistance with finding solutions for complying with environmental, energy, health, safety, and other federal, state, and local laws and regulations;(5)Regular performance monitoring and reporting systems for participating businesses to assure compliance with their business plans and terms of repayment;(6)Establish eligibility criteria for grants and loans;(7)Establish application procedures for grants and loans;(8)Establish criteria to determine which applicants will receive grants or loans;(9)Govern the use of proceeds of grants and loans;(10)Establish criteria for the terms and conditions upon which loans shall be made, including matching requirements, interest rates, repayment terms, and the terms of security given to secure such loans; and(11)Establish criteria for the terms and conditions upon which grants shall be made, including permitted uses, performance criteria, and matching requirements. Source: SL 1987, ch 98, §15; SL 1988, ch 16; SDCL §1-42-26; SL 2007, ch 5, §3; SL 2009, ch 1, §17.
SD Codified L § 1-16G-10 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-10 - Annual report by Board of Economic Development.

1-16G-10. Annual report by Board of Economic Development.The Board of Economic Development shall prepare an annual report by the first day of November of each year detailing the activities of the board and the terms and conditions of any grants and loans made, including the current status of outstanding loans. Source: SL 1987, ch 98, §15A; SDCL §1-42-27; SL 1993, ch 11, §2; SL 2007, ch 5, §8.
SD Codified L § 1-16G-11 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-11 - Documentary material consisting of trade secrets exempt from disclosure--Discussion of or action on trade secrets at meeting closed to public.

1-16G-11. Documentary material consisting of trade secrets exempt from disclosure--Discussion of or action on trade secrets at meeting closed to public.Any documentary material or data made or received by the Board of Economic Development or Governor's Office of Economic Development for the purpose of furnishing assistance to a business, to the extent that such material or data consists of trade secrets or commercial or financial information regarding the operation of such business, may not be considered public records, and is exempt from disclosure pursuant to the provisions of §§1-16G-3 to 1-16G-11, inclusive. Any discussion, consideration of, or action upon such trade secrets or commercial or financial information by the Board of Economic Development may be done in executive session closed to the public, notwithstanding the provisions of the open meeting laws of this state. Source: SL 1987, ch 98, §15B; SL 1988, ch 17, §1; SDCL 1-42-28.
SD Codified L § 1-16G-16.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-16.1 - Procurement of certain services for revolving economic development and initiative fund.

1-16G-16.1. Procurement of certain services for revolving economic development and initiative fund.The Board of Economic Development may use the revolving economic development and initiative fund for the purpose of paying taxes and liens and for the procuring of legal services and other services necessary to protect, recover, maintain, and liquidate the assets of the revolving economic development and initiative fund. Such costs may be incurred and paid up to ten percent of the loan balance with a majority vote of the board of economic development. Costs in excess of ten percent shall be approved by a two-thirds vote of the board. Such services are not subject to state bid laws so long as such services are procured in a commercially acceptable manner. Source: SL 1993, ch 14, §1; SL 2009, ch 1, §18.
SD Codified L § 1-16G-24 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-24 - Use of earnings for administrative costs of Division of Finance of Governor's Office of Economic Development.

1-16G-24. Use of earnings for administrative costs of Division of Finance of Governor's Office of Economic Development.Earnings on the revolving economic development and initiative fund may be used for the administrative costs of the Division of Finance of the Governor's Office of Economic Development. Such earnings shall be expended in accordance with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved by the commissioner of the Governor's Office of Economic Development. Eligible expenses may not exceed total interest earnings during the previous fiscal year prior to the deduction of loan losses for the same fiscal year. Source: SL 1994, ch 14; SL 1999, ch 5, §6; SL 2003, ch 15, §6; SL 2004, ch 13, §7; SL 2005, ch 10, §3; SL 2007, ch 5, §9; SL 2011, ch 1 (Ex. Ord. 11-1), §86, eff. Apr. 12, 2011; SL 2013, ch 192, §1.
SD Codified L § 1-16G-47.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-47.1 - Disbursements from local infrastructure improvement grant fund and economic development partnership fund.

1-16G-47.1. Disbursements from local infrastructure improvement grant fund and economic development partnership fund.The commissioner of the Governor's Office of Economic Development shall authorize money from the programs provided under §§1-16G-50 and 1-16G-51 for the following purposes:(1)An amount to pay for any contracts entered into by the Governor's Office of Economic Development with an implementing partner to provide technical assistance to an applicant or monitoring service for the local infrastructure improvement grant program; and(2)An amount to pay the administrative expenses incurred by the Governor's Office of Economic Development for the local infrastructure improvement grant program. The administrative expenses are limited to the salary and benefits of any personnel directly responsible for the administration of the programs. Source: SL 2016, ch 4, §4; SL 2018, ch 10, §7.
SD Codified L § 1-16G-49 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-49 - Annual report to Government Operations and Audit Committee.

1-16G-49. Annual report to Government Operations and Audit Committee. Each department administering the funds created by §§1-16G-50, 1-16G-51, 11-13-2, and 13-13-88 shall report annually to the Government Operations and Audit Committee about the operations and results of the building South Dakota programs. The Governor's Office of Economic Development shall report annually to the Government Operations and Audit Committee about the operations and results of the South Dakota Jobs grant program. Source: SL 2013, ch 7, §3, eff. Mar. 20, 2013; SL 2018, ch 10, §3; SL 2021, ch 6, § 1.
SD Codified L § 1-16G-50 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-50 - Local infrastructure improvement grant fund.

1-16G-50. Local infrastructure improvement grant fund.There is hereby created in the state treasury the local infrastructure improvement grant fund. The Board of Economic Development may award grants to any political subdivision of this state, tribal government, or local development corporation from the fund to construct or reconstruct infrastructure for the purpose of serving an economic development project. The board shall consult state agencies to evaluate the feasibility and merits of the proposed infrastructure improvements. The board shall consider the funding mechanisms available to and utilized by the applicant when making a decision to award a grant. Any general funds appropriated to the local infrastructure improvement program shall be transferred into the local infrastructure improvement grant fund. Interest earned on money in the fund shall be deposited into the fund. Source: SL 2013, ch 7, §4, eff. Mar. 20, 2013; SL 2014, ch 7, §1; SL 2018, ch 10, §10.
SD Codified L § 1-16G-51 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16G - Economic Development|Section 1-16G-51 - Economic development partnership fund created.

1-16G-51. Economic development partnership fund created.There is hereby created in the state treasury the economic development partnership fund. The Board of Economic Development may award grants to any nonprofit development corporation, tribal government, municipality, county, or other political subdivision of this state from the fund on a matching basis as provided in §§1-16G-52 and 1-16G-53. Interest earned on money in the fund shall be deposited into the fund. Source: SL 2013, ch 7, §5, eff. Mar. 20, 2013; SL 2014, ch 7, §2; SL 2018, ch 10, §11.