reglab/housing_qa huggingface dataset:
SD Codified L § 11-11-29 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-29 - Policy favoring private business firms.

11-11-29. Policy favoring private business firms.It is the intent of the Legislature that the authority shall, to the greatest extent possible, hire and utilize private business firms in the performance of its duties as authorized by this chapter. Source: SL 1973, ch 180, §12 (30); SDCL Supp, §28-19-26.
SD Codified L § 11-11-30 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-30 - Bylaws, rules, and regulations.

11-11-30. Bylaws, rules, and regulations.The authority may adopt and from time to time amend and repeal bylaws, rules, and regulations, not inconsistent with this chapter, to carry into effect the powers and purposes of the authority and the conduct of its business. Source: SL 1973, ch 180, §12 (5); SDCL Supp, §28-19-27; SL 2012, ch 78, §13.
SD Codified L § 11-11-31 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-31 - Research and development.

11-11-31. Research and development.The authority may conduct research and promote development in housing, building technology, and related fields. Source: SL 1973, ch 180, §12 (13); SDCL Supp, §28-19-28; SL 2012, ch 78, §14.
SD Codified L § 11-11-33 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-33 - Advice and technical assistance to developments, projects and residents.

11-11-33. Advice and technical assistance to developments, projects and residents.The authority may provide advice, technical information, training and educational services, including assistance in obtaining federal and state aid, to assist the planning, construction, rehabilitation, and operation of housing developments and housing projects, including assistance in community development and organization, home management and advisory services for the residents of housing developments and housing projects and to encourage community organizations to assist in developing same. Source: SL 1973, ch 180, §12 (12); SDCL Supp, §28-19-30; SL 1983, ch 106, §4J; SL 2012, ch 78, §16.
SD Codified L § 11-11-34 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-34 - Cooperation with federal and other governmental agencies.

11-11-34. Cooperation with federal and other governmental agencies.The authority may enter into agreements or other transactions with, administer programs of, and accept grants and the cooperation of, the United States or any agency or instrumentality thereof or of the state or any agency or instrumentality thereof or of any other state or any agency or instrumentality thereof in furtherance of the purposes of this chapter and to do any and all things necessary in order to avail itself of such aid and cooperation. Source: SL 1973, ch 180, §12 (8); SDCL Supp, §28-19-31; SL 2012, ch 78, §17; SL 2014, ch 44, §3.
SD Codified L § 11-11-36 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-36 - Execution of necessary instruments.

11-11-36. Execution of necessary instruments.The authority may make and execute contracts and all other instruments necessary or convenient for the exercise of its powers and functions under this chapter. Source: SL 1973, ch 180, §12 (6); SDCL Supp, §28-19-33; SL 2012, ch 78, §19.
SD Codified L § 11-11-37 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-37 - Acceptance of legislative appropriations--Purposes to which applied.

11-11-37. Acceptance of legislative appropriations--Purposes to which applied.The authority may accept such moneys as may be appropriated from time to time by the Legislature for effectuating its corporate purposes including, without limitation, the payment of the expenses of administration and operation and the establishment of reserves or contingency funds to be available for the payment of the principal of and the interest on any bonds, notes, or other obligations of the authority. Source: SL 1973, ch 180, §49; SDCL Supp, §28-19-34; SL 2012, ch 78, §20.
SD Codified L § 11-11-38 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-38 - Annual informational budget required--Inclusion in Governor's budget report.

11-11-38. Annual informational budget required--Inclusion in Governor's budget report.In addition to the reporting requirements imposed by §11-11-181, the authority shall annually submit an informational budget to the Governor through the Bureau of Finance and Management in accordance with §4-7-7.2. The informational budget submitted by the authority shall be submitted to the Legislature by the Governor in the budget report required by §4-7-9. Source: SL 1978, ch 213, §1; SDCL Supp, §28-19-34.1.
SD Codified L § 11-11-39 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-39 - Acceptance of grants and contributions--Purposes to which applied.

11-11-39. Acceptance of grants and contributions--Purposes to which applied.The authority may receive and accept aid or contributions, from any source, of money, property, labor, or other things of value, to be held, used, and applied to carry out the purposes of this chapter subject to such conditions upon which such grants and contributions may be made, including gifts or grants from any agency or instrumentality of the United States or of this state for payment of rent supplements to eligible persons or families or for the payment in whole or in part of the interest expense for a housing development or housing project or for any other purpose consistent with this chapter. Source: SL 1973, ch 180, §12 (10); SDCL Supp, §28-19-35; SL 2012, ch 78, §21.
SD Codified L § 11-11-40 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-40 - Residual powers of authority.

11-11-40. Residual powers of authority.The authority shall have the power to do any and all things necessary or convenient to carry out its purposes and exercise the powers given and granted in this chapter. Source: SL 1973, ch 180, §12 (29); SDCL Supp, §28-19-36.
SD Codified L § 11-11-41 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-41 - Power to borrow and issue evidence of indebtedness.

11-11-41. Power to borrow and issue evidence of indebtedness.The authority may borrow money and issue bonds and notes or other evidences of indebtedness as provided in this chapter. Source: SL 1973, ch 180, §12 (23); SDCL Supp, §28-19-37; SL 2012, ch 78, §22.
SD Codified L § 11-11-42 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-42 - Financing, reserves, and incidental costs included in amounts borrowed.

11-11-42. Financing, reserves, and incidental costs included in amounts borrowed.The authority may include in any borrowing such amounts as may be deemed necessary by the authority to establish reserves and to pay financing charges, interest on the obligations for a period not exceeding three years from their date, consultant advisory and legal fees, and such other expenses as are necessary or incident to such borrowing. Source: SL 1973, ch 180, §12 (18); SDCL Supp, §28-19-38; SL 1974, ch 195, §2; SL 2012, ch 78, §23.
SD Codified L § 11-11-43 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-43 - Issuance of notes and bonds--Purposes for which used.

11-11-43. Issuance of notes and bonds--Purposes for which used.The authority may issue from time to time its negotiable notes and bonds in such principal amount as the authority shall determine to be necessary to provide sufficient funds for achieving its corporate purposes, including the payment of interest on notes and bonds of the authority, establishment of reserves to secure such notes and bonds including the reserve funds created pursuant to §11-11-70, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers. Source: SL 1973, ch 180, §26; SDCL Supp, §28-19-39; SL 1978, ch 20, §8; SL 1979, ch 185, §1; SL 1980, ch 204, §3; SL 1987, ch 118, §1.
SD Codified L § 11-11-45 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-45 - Qualified private activity bonds--Maximum aggregate principal amount.

11-11-45. Qualified private activity bonds--Maximum aggregate principal amount.The authority may issue qualified private activity bonds at any time during a fiscal year in the aggregate principal amount as determined by the authority, and (except for bonds issued for the purpose of renewing, paying, or refunding outstanding bonds and interest pursuant to §11-11-50) as approved by the Governor. However, the aggregate principal amount of qualified private activity bonds issued in or with respect to any calendar year under §11-11-47 may not exceed the principal amount of the state ceiling for qualified private activity bonds applicable to the State of South Dakota for any calendar year and allocated to the authority for any such calendar year pursuant to §1-7-8 and the applicable executive order of the Governor. Source: SL 1980, ch 204, §4; SDCL Supp, §28-19-39.2; SL 1981, ch 221, §1; SL 1982, ch 214; SL 1983, ch 106, §1; SL 1984, ch 106, §1; SL 1985, ch 103, §1; SL 1986, ch 113; SL 1987, ch 118, §2; SL 2012, ch 78, §25.
SD Codified L § 11-11-47 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-47 - Authority as state issuing agency and housing credit agency.

11-11-47. Authority as state issuing agency and housing credit agency.The authority is an agency of the state which is an issuing authority within the meaning of §146 of the Internal Revenue Code of 1986 and the State Housing Credit Agency within the meaning of §42(h)(7)(A) of the Internal Revenue Code of 1986. The authority may administer the provisions of §42 of the Internal Revenue Code of 1986. Source: SL 1981, ch 221, §2; SDCL Supp, §28-19-39.4; SL 1984, ch 106, §2; SL 1987, ch 118, §3; SL 2012, ch 78, §26.
SD Codified L § 11-11-48 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-48 - Compliance with federal conditions for qualified mortgage bonds.

11-11-48. Compliance with federal conditions for qualified mortgage bonds.The authority may enter into all agreements and take any actions necessary to comply with all conditions set forth in §143 of the Internal Revenue Code of 1986, for the issuance of qualified mortgage bonds as therein defined. Source: SL 1981, ch 221, §3; SDCL Supp, §28-19-39.5; SL 1995, ch 80, §13; SL 2012, ch 78, §27.
SD Codified L § 11-11-49 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-49 - Public debt not created by authority obligations--Statement on face of obligations.

11-11-49. Public debt not created by authority obligations--Statement on face of obligations.Obligations issued under the provisions of this chapter shall not be deemed to constitute a debt or liability or obligation of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any political subdivision thereof but shall be payable solely from the revenues or assets of the authority. Each obligation issued under this chapter shall contain on the face thereof a statement to the effect that the authority shall not be obligated to pay the same nor the interest thereon except from the revenues or assets pledged therefor and that neither the faith and credit nor the taxing power of the state or of any political subdivision thereof is pledged to the payment of the principal of or the interest on such obligation. Source: SL 1973, ch 180, §46; SDCL Supp, §28-19-40.
SD Codified L § 11-11-50 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-50 - Refunding of notes and bonds.

11-11-50. Refunding of notes and bonds.The authority shall have the power, from time to time, to issue:(1)Notes to renew notes; and(2)Bonds to pay notesincluding the interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partly to refund bonds then outstanding and partly for any of its corporate purposes. Source: SL 1973, ch 180, §27; SDCL Supp, §28-19-41.
SD Codified L § 11-11-51 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-51 - Consent of other public agencies not required for bonds or notes--Procedural requirements of other laws not applicable.

11-11-51. Consent of other public agencies not required for bonds or notes--Procedural requirements of other laws not applicable.Bonds or notes may be issued under the provisions of this chapter without obtaining the consent of any department, division, commission, board, body, bureau, or agency of the state, and without any other proceedings or the happening of any conditions or things other than those proceedings, conditions, or things which are specifically required by this chapter and by the provisions of the resolution authorizing the issuance of such bonds or notes or the trust agreement securing the same. Source: SL 1973, ch 180, §33; SDCL Supp, §28-19-42.
SD Codified L § 11-11-52 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-52 - Terms of notes and bonds--Maturity--Form of instruments--Interest--Redemption--Sale.

11-11-52. Terms of notes and bonds--Maturity--Form of instruments--Interest--Redemption--Sale.The notes and bonds shall be authorized by resolutions of the authority, and shall bear such dates and shall mature at such times as such resolutions may provide. However, no bond may mature more than fifty years from the date of its issue. The bonds may be issued as serial bonds payable in annual installments or as term bonds or as a combination thereof. The notes and bonds shall bear interest at such rates, be in such denominations, be in such form, carry such registration privileges, be executed in such manner, be payable in such medium of payment, at such places within or without the state, and be subject to such terms of redemption as such resolutions may provide. The notes and bonds of the authority may be sold by the authority, at public or private sale, at such prices as the authority shall determine. Source: SL 1973, ch 180, §29; SDCL Supp, §28-19-43; SL 2012, ch 78, §28.
SD Codified L § 11-11-53 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-53 - Notes and bonds as general obligations of authority--Exception.

11-11-53. Notes and bonds as general obligations of authority--Exception.Except as may otherwise be expressly provided by resolution of the authority, every issue of its notes and bonds shall be general obligations of the authority payable out of any revenues or moneys of the authority, subject only to any agreements with the holders of particular notes or bonds pledging any particular revenues. Source: SL 1973, ch 180, §28; SDCL Supp, §28-19-44.
SD Codified L § 11-11-54 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-54 - Bond resolution provisions--Contracts with bondholders.

11-11-54. Bond resolution provisions--Contracts with bondholders.Any resolutions authorizing any bonds or any issue thereof may contain any of the following provisions, each of which shall be a part of the contracts with the holders thereof:(1)Pledging all or any part of the revenues of the authority to secure the payment of the bonds or of any issue thereof, subject to such agreements with bondholders as may then exist;(2)Pledging all or any part of the assets of the authority, including mortgages and obligations securing the same, to secure the payment of the bonds or of any issue of bonds, subject to such agreements with bondholders as may then exist;(3)Limiting the purpose to which the proceeds of sale of bonds may be applied and pledging such proceeds to secure the payment of the bonds or of any issue thereof;(4)Limiting the issuance of additional bonds; the terms upon which additional bonds may be issued and secured; and the refunding of outstanding or other bonds;(5)Regarding the use and disposition of the gross income from mortgages owned by the authority and payment of principal of mortgages owned by the authority;(6)Limiting the amount of moneys to be expended by the authority for operating expenses of the authority;(7)Regarding the setting aside of reserves or sinking funds and the regulation and disposition thereof;(8)Regarding the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto; and the manner in which such consent may be given;(9)Vesting in a trustee such property, rights, powers, and duties in trust as the authority may determine, which may include any or all of the rights, powers, and duties of the trustee appointed by the bondholders pursuant to this chapter and limiting or abrogating the right of the bondholders to appoint a trustee under this chapter or limiting the rights, powers, and duties of such trustee;(10)Defining the acts or omissions to act which constitute a default in the obligations and duties of the authority to the holders of the bonds and providing for the rights and remedies of the holders of the bonds in the event of such default, including as a matter of right the appointment of a receiver. However, the rights and remedies may not be inconsistent with the general laws of the state and the other provisions of this chapter; and(11)Any other matters, of like or different character, which in any way affect the security or protection of the holders of the bonds. Source: SL 1973, ch 180, §30 (1); SDCL Supp, §28-19-45; SL 2012, ch 78, §29.
SD Codified L § 11-11-65 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-65 - Trust indenture to secure bonds--Contents--Expenses of trust indenture--Separate trustee not authorized.

11-11-65. Trust indenture to secure bonds--Contents--Expenses of trust indenture--Separate trustee not authorized.In the discretion of the authority, the bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the power of a trust company within or without the state. Such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the exercise of its corporate powers and the custody, safeguarding, and application of all moneys. The authority may provide by such trust indenture for the payment of the proceeds of the bonds and the revenues to the trustee under such trust indenture or other depository, and for the method of disbursement thereof, with such safeguards and restrictions as it may determine. All expenses incurred in carrying out such trust indenture may be treated as a part of the operating expenses of the authority. If the bonds shall be secured by a trust indenture, the bondholders shall have no authority to appoint a separate trustee to represent them. Source: SL 1973, ch 180, §35; SDCL Supp, §28-19-56.
SD Codified L § 11-11-66 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-66 - Pledge binding when made--Attachment of lien.

11-11-66. Pledge binding when made--Attachment of lien.Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice thereof. Source: SL 1973, ch 180, §31; SDCL Supp, §28-19-57.
SD Codified L § 11-11-67 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-67 - Continuing validity of signatures by commissioners or officers.

11-11-67. Continuing validity of signatures by commissioners or officers.If any of the commissioners, executive director, or officers of the authority whose signatures appear on any bonds ceases to be such commissioners, executive director, or officers before the delivery of such bonds, such signatures are, nevertheless, valid and sufficient for all purposes, the same as if such directors or officers had remained in office until such delivery. Source: SL 1973, ch 180, §37; SDCL Supp, §28-19-58; SL 2012, ch 78, §40.
SD Codified L § 11-11-69 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-69 - Purpose of capital reserve fund requirements.

11-11-69. Purpose of capital reserve fund requirements.To assure the continued operation and solvency of the authority for the carrying out of its corporate purposes, provision is made in §§11-11-70 to 11-11-75, inclusive, for the accumulation in each capital reserve fund created thereunder of an amount equal to the maximum capital reserve fund requirement for such fund. Source: SL 1973, ch 180, §39; SDCL Supp, §28-19-60.
SD Codified L § 11-11-70 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 11 - South Dakota Housing Development Authority|Section 11-11-70 - Establishment of capital reserve funds--Moneys paid into funds.

11-11-70. Establishment of capital reserve funds--Moneys paid into funds.The authority shall create and establish one or more special funds to be referred to in this chapter as capital reserve funds, and shall pay into each such capital reserve fund:(1)Any moneys appropriated and made available by the state for the purpose of such fund;(2)Any proceeds of sale of bonds, to the extent provided in the resolutions of the authority authorizing the issuance thereof; and(3)Any other moneys which may be made available to the authority for the purpose of such fund from any other source or sources. Source: SL 1973, ch 180, §38; SDCL Supp, §28-19-61; SL 2012, ch 78, §42.