reglab/housing_qa huggingface dataset:
SD Codified L § 6-8B-4 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-4 - Notice of election.

6-8B-4. Notice of election.The governing body shall publish notice of the election once each week for two consecutive weeks in all official newspapers designated by the public body or if there is no official newspaper, a newspaper of general circulation serving the public body. The second notice shall be published not less than four nor more than ten days before the election.The notice shall state the maximum amount of bonds to be issued, the purpose for which bonds are to be issued, and other matters the governing body determines to be necessary. Source: SL 1984, ch 43, §4; SL 2008, ch 34, §1.
SD Codified L § 6-8B-5 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-5 - Ballot form.

6-8B-5. Ballot form.The ballots shall have printed thereon substantially the same language as is included in the notice of election, and there shall be printed the words "Shall the above proposition be approved and the bonds issued?" with the words "Yes" and "No" printed immediately at the left thereof, each preceded by a square or circle wherein the voter shall make a cross (x) or check mark () before the word "Yes" for voting in favor of the proposition, or a cross (x) or check mark () in the square or circle before the word "No" for voting against the same. Source: SL 1984, ch 43, §5.
SD Codified L § 6-8B-6 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-6 - Improvement--Authorization of bonds for purchase or construction--Expenditures authorized.

6-8B-6. Improvement--Authorization of bonds for purchase or construction--Expenditures authorized.The question of the issuance of bonds for the purchase or the construction of any building, facility, or improvement may be treated and submitted as a single proposition, and the governing body may determine, if bonds are authorized, whether the purchase or the construction thereof will better serve the interests of the public body. The authorization of bonds for the purpose of purchase or construction of any building, facility, or improvement includes the authorization to expend the proceeds for any equipment and furnishings, the purchase of any land, and the payment of all fees and expenses reasonably necessary to complete the building, facility, or improvement for the purpose intended. Expenditures for the above purposes need not be included in any annual appropriation ordinance of the public body. Source: SL 1984, ch 43, §6.
SD Codified L § 6-8B-7 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-7 - School, street, or utility improvements--Authorization of bonds.

6-8B-7. School, street, or utility improvements--Authorization of bonds.The question of the issuance of bonds for the purchase, construction, or improvements to school buildings, streets, or to any plant and distribution system owned and operated by the public body for the furnishing of utility services may be submitted as a single proposition, without specification of the amount to be expended on each improvement. Source: SL 1984, ch 43, §7.
SD Codified L § 6-8B-8 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-8 - Issuance of bonds on approval by voters.

6-8B-8. Issuance of bonds on approval by voters.If the requisite percentage of the voters cast their vote in favor of a bond issue, the governing body without further act may issue bonds to the amount voted for and sell and negotiate the same. Source: SL 1984, ch 43, §8.
SD Codified L § 6-8B-9 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-9 - Issuance, form, and terms of bonds.

6-8B-9. Issuance, form, and terms of bonds.Bonds may be issued in one or more series, may bear the date or dates and mature at the time or times and in the amounts as the governing body may provide, except that no bond may mature more than fifty years from the date of its issue. The bonds may bear interest at the rate or rates, payable on the date or dates, may be issued in the denominations, carry the registration privileges, be executed in the manner, be payable in the medium of payment, at the place or places within or without the state, and be subject to redemption, prior to maturity, at the times and prices as the governing body may provide. Bonds may be issued in registered form and shall be so issued when necessary under federal law and regulations as a condition for the exemption of the interest thereon from federal income taxation; or otherwise may be issued in bearer form, with coupons attached representing the interest payable thereon, or may be issued in form permitting registration of ownership of principal only. Source: SL 1984, ch 43, §9.
SD Codified L § 6-8B-10 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-10 - Public or private sale--Notice and procedure for public sale.

6-8B-10. Public or private sale--Notice and procedure for public sale.The governing body may sell its bonds at a public or private sale at the price or prices the governing body determines. If the governing body determines to sell bonds at a public sale, no bonds may be sold until the sale has been advertised once a week for at least two successive weeks the first publication being at least ten days before the sale in the official newspaper of the public body, and if directed by the governing body, in any other newspaper or publication. The notice of sale shall describe the bond issue, the time and place of sale, the method of competitive bidding, which method may describe different forms or alternative forms of bids, and the place where bids will be received. Source: SL 1984, ch 43, §10.
SD Codified L § 6-8B-11 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-11 - Single issue of bonds separately approved.

6-8B-11. Single issue of bonds separately approved.Bonds separately voted for two or more purposes may be sold and delivered as a single issue if the governing body determines. Source: SL 1984, ch 43, §11.
SD Codified L § 6-8B-12 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-12 - Interest rate.

6-8B-12. Interest rate.The maximum allowable interest rate for bonds issued by a public body may be whatever rate the governing body prescribes. Source: SL 1984, ch 43, §12.
SD Codified L § 6-8B-13 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-13 - Disposition of proceeds.

6-8B-13. Disposition of proceeds.The proceeds derived from the sale of any bonds shall be kept as a special fund apart from the other funds of the public body and shall be used exclusively for the purpose for which the bonds were issued. Source: SL 1984, ch 43, §13.
SD Codified L § 6-8B-14 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-14 - Negotiable investment security status.

6-8B-14. Negotiable investment security status.All bonds issued by any public body are negotiable investment securities within the meaning of chapter 57A-8. Source: SL 1984, ch 43, §14.
SD Codified L § 6-8B-15 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-15 - Powers as issuer of negotiable investment securities.

6-8B-15. Powers as issuer of negotiable investment securities.The governing body of each public body may do all acts permitted or required of issuers of negotiable investment securities under chapter 57A-8, including but not limited to, the issuance of bonds in registered form and the registration, exchange, and transfer of ownership thereof on the books of the public body. Source: SL 1984, ch 43, §15.
SD Codified L § 6-8B-16 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-16 - Agents for authentication, transfer, registration, payment, and other functions--Central depository system.

6-8B-16. Agents for authentication, transfer, registration, payment, and other functions--Central depository system.A governing body may appoint for a term as may be agreed, including for so long as a registered bond may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying or other agents, located within or without the state, and specify the terms of their appointment, including their rights, their compensation and duties, limits upon their liabilities and provisions for their payment of liquidated damages in the event of breach of certain of the duties imposed, which liquidated damages may be made payable to the issuer, the owner or a financial intermediary. Any bank or trust company appointed as an agent under this section shall comply with §§51A-5-7 to 51A-5-10, inclusive. A governing body may agree with custodian banks and financial intermediaries, and nominees of any of them, in connection with the establishment and maintenance by others of a central depository system for the transfer or pledge of registered bonds. Any custodian banks and financial intermediaries, and nominees, may, if qualified and acting as fiduciaries, also serve as authenticating agents, transfer agents, registrars, paying or other agents of the issuer with respect to the same issue of registered public securities. Nothing precludes the governing body through its clerk from itself performing, either alone or jointly with other governing bodies, any transfer, registration, authentication, payment, or other function described in this section. Source: SL 1984, ch 43, §16.
SD Codified L § 6-8B-17 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-17 - Authentication of bonds--Signatures--Seal.

6-8B-17. Authentication of bonds--Signatures--Seal.No bond issued in registered form, whether initially or upon registration of transfer or exchange, is valid or effective for any purpose unless a certificate of authentication is executed thereon by the registrar, by the manual signature of its authorized representative. Any registered bond may be executed by facsimile signatures, printed or otherwise reproduced thereon, of any officers or other persons who are authorized or required by law to execute the same, or to execute any certification or countersignature thereon, and who have manually signed and filed with the registrar an authorization for the use of facsimile signatures, whether or not they have ceased to hold office before the authentication or delivery of the bond. Every bearer bond shall be manually signed on its face by at least one officer of the public body, or by an authorized representative of a banking institution designated by the governing body as authenticating agent but other signatures on the bond and any coupon pertaining to it may be facsimiles of manual signatures filed with the clerk. The corporate seal, if any, of the public body may but need not be affixed to any bond, or a facsimile of the corporate seal may but need not be printed thereon. Source: SL 1984, ch 43, §17.
SD Codified L § 6-8B-18 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-18 - Registration books--Disclosure of information.

6-8B-18. Registration books--Disclosure of information.The registration books maintained on behalf of any public body by the clerk or registrar shall not be open to inspection or copying by the general public, and no registrar, officer, or member of the governing body shall disclose information contained therein except in the following cases:(1)If specifically provided otherwise by state or by federal law or regulations;(2)If directed by judicial order;(3)If requested by authorized representatives of the secretary of revenue or attorney general or the commissioner of Internal Revenue of the United States for the purpose of ascertaining the application of any estate, inheritance, or other tax on bonds or the interest thereon;(4)If determined by the registrar to be necessary for the registration of ownership, transfer, or exchange of bonds in accordance with chapter 57A-8. Source: SL 1984, ch 43, §18.
SD Codified L § 6-8B-19 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-19 - Information filed with secretary of state by issuer.

6-8B-19. Information filed with secretary of state by issuer.Every public body, authority, or agency issuing any general obligation, revenue, improvements, industrial revenue, special assessment, or other bonds of any type, shall, on forms provided by the secretary of state, file with the secretary of state, the following information concerning each issue of bonds:(1)Name of issuer;(2)Designation of issue;(3)Date of issue;(4)Purpose of issue;(5)Type of bond;(6)Principal amount and denomination of bond;(7)Paying dates of principal and interest;(8)Amortization schedule;(9)Interest rate or rates, including total aggregate interest cost. Source: SL 1984, ch 43, §19.
SD Codified L § 6-8B-20 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-20 - Costs of issuance and sale.

6-8B-20. Costs of issuance and sale.Costs incidental to the issuance and sale of bonds under this chapter may be paid by the purchaser or defrayed from the general fund of the public body, from the proceeds of bonds, from the interest or other yield derived from the investment of the proceeds or from other sources legally available to the public body. Source: SL 1984, ch 43, §20.
SD Codified L § 6-8B-21 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-21 - Signature by resident attorney.

6-8B-21. Signature by resident attorney.All bonds of every nature issued by any public body, authority, or agency shall be countersigned by an attorney actually residing in the State of South Dakota and duly licensed to practice therein. Source: SL 1984, ch 43, §21.
SD Codified L § 6-8B-22 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-22 - Invalidity of bonds without attorney's signature.

6-8B-22. Invalidity of bonds without attorney's signature.If the bonds are not countersigned as provided by §6-8B-21, the bonds shall be void and unenforceable. Source: SL 1984, ch 43, §22.
SD Codified L § 6-8B-23 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-23 - Notice of redemption.

6-8B-23. Notice of redemption.If any bonds become prepayable under any option or provision therein contained, notice of the call for redemption may be made by publication once a week for two consecutive weeks in a newspaper of general circulation serving the public body and, if directed by the governing body, in any other newspaper or publication. Alternatively, the notice may be given by mailing it to the place where the bonds are payable and to the holder of each bond to be redeemed, if the holder's name and address is known. The notice of redemption shall contain a description of the bonds to be redeemed and the redemption date and shall state that on the redemption date, not less than thirty days after the date of the first publication or the mailing of the notice, all interest on the bonds shall cease. Source: SL 1984, ch 43, §23.
SD Codified L § 6-8B-24 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-24 - Replacement of lost, stolen, or destroyed bonds.

6-8B-24. Replacement of lost, stolen, or destroyed bonds.The replacement of lost, destroyed, and stolen bonds issued by a public body shall be handled in the manner provided by chapter 57A-8. Source: SL 1984, ch 43, §24.
SD Codified L § 6-8B-25 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-25 - Tax exemption.

6-8B-25. Tax exemption. All bonds issued by any public body pursuant to this chapter, their transfer, and the income therefrom, are free from taxation within the State of South Dakota, except for taxes imposed upon financial institutions under chapter 10-43. Source: SL 1984, ch 43, §51; SL 2021, ch 34, § 1.
SD Codified L § 6-8B-26 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-26 - Anticipation notes--When issuance authorized.

6-8B-26. Anticipation notes--When issuance authorized.When all conditions precedent to the offering for sale of bonds of a public body in any amount and for any authorized purpose have been satisfied, the governing body may, by resolution, issue and sell notes in anticipation of the issuance of the bonds in the manner and subject to the limitations set forth in §§6-8B-26 to 6-8B-29, inclusive. Source: SL 1984, ch 43, §24A.
SD Codified L § 6-8B-27 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-27 - Anticipation notes--Amount--Term.

6-8B-27. Anticipation notes--Amount--Term.Bond anticipation notes may be issued in a principal amount not exceeding the authorized principal amount of the bonds in anticipation of which the notes are to be issued. Such notes shall mature not later than three years after their date of issue. Source: SL 1984, ch 43, §24B.
SD Codified L § 6-8B-28 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-28 - Anticipation notes--Payment--Issuance of bonds required--Exchange--Redemption.

6-8B-28. Anticipation notes--Payment--Issuance of bonds required--Exchange--Redemption.Any amount of the principal of or interest on any bond anticipation notes which cannot be paid at maturity from any other funds which are properly available and appropriated by the governing body for that purpose shall be paid from the proceeds of the bonds in anticipation of which the notes were issued. The public body shall be obligated to issue and sell such bonds on or before the maturity date of the bond anticipation notes. The holders of bond anticipation notes shall have the right to require the offering of such bonds for sale, and, in the event such bonds are not sold on or before the maturity date of the notes, the holders of the notes shall have the right to require such bonds to be issued to them in exchange for the notes, by lot, on a par for par basis. In the event of any such exchange, the bonds so issued shall bear interest at the maximum rate permitted in the proceedings authorizing their issuance, shall mature serially over the maximum number of years permitted in the proceedings authorizing their issuance, and shall be subject to redemption on any interest payment date without penalty. Thereafter, whenever there is a sufficient amount of money in the sinking fund established for the bonds to prepay and redeem one or more bonds the public body shall prepay and redeem such bond or bonds on the next succeeding interest payment date for which notice of redemption can be duly given. Source: SL 1984, ch 43, §24C.
SD Codified L § 6-8B-29 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-29 - Anticipation notes--Bond provisions applicable.

6-8B-29. Anticipation notes--Bond provisions applicable.The provisions of §§6-8B-9 to 6-8B-24, inclusive, shall apply to any bond anticipation notes issued pursuant to this chapter. Source: SL 1984, ch 43, §24D.
SD Codified L § 6-8B-30 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-30 - Refunding bonds without election--Purposes.

6-8B-30. Refunding bonds without election--Purposes.Any bonds may be refunded, whether or not the bonds have matured or are then subject to redemption, by the public body which issued them, or any successor thereof, in the name of the public body which issued the bonds being refunded, without an election, except as provided in §6-8B-40, but subject to provisions concerning their payment and to any other contractual limitations in the proceedings authorizing their issuance or otherwise appertaining thereto, for any one or more of the following purposes:(1)For the purpose of extending the maturity date of all or any part of any outstanding bonds for which payment is in arrears, or for which there is not, or it is certain that there will not be, sufficient money to pay the principal or interest on the outstanding bonds as they respectively become due;(2)For the purpose of reducing debt service costs or affecting other economies;(3)For the purpose of reorganizing all or any part of the outstanding bonds of a public body in relation to the resources available for their payment; or(4)To relieve the public body of restrictions imposed by covenants with respect to the bonds being refunded. Source: SL 1974, ch 54, §3; SDCL Supp, §6-8A-2; SL 1984, ch 43, §25.
SD Codified L § 6-8B-32 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-32 - Voluntary surrender required to refund bonds not maturing or callable for twenty-five years--Provision for payment.

6-8B-32. Voluntary surrender required to refund bonds not maturing or callable for twenty-five years--Provision for payment.No bonds may be refunded unless the holders thereof voluntarily surrender them for exchange or payment, or unless they either mature or are callable for prior redemption under their terms within twenty-five years from the date of issuance of the refunding bonds. Provision shall be made for paying the bonds being refunded within the period of time. Source: SL 1974, ch 54, §5; SDCL Supp, §6-8A-5; SL 1984, ch 43, §27.
SD Codified L § 6-8B-33 (2021)
2021 South Dakota Codified Laws|Title 6 - Local Government Generally|Chapter 08B - Bonds of Local Public Bodies|Section 6-8B-33 - Approvals required for refunding bonds of issuer divided into other public bodies.

6-8B-33. Approvals required for refunding bonds of issuer divided into other public bodies.If a public body having outstanding indebtedness has been divided and parts thereof are included within two or more other public bodies, by any lawful means, the refunding of the bonds requires affirmative action by a majority of the members of the governing bodies of each of the public bodies within which any part of the area of the public body which is being lawfully taxed to pay the outstanding indebtedness is then included, except as provided in §6-8B-34. Source: SL 1974, ch 54, §15; SDCL Supp, §6-8A-6; SL 1984, ch 43, §28.