reglab/housing_qa huggingface dataset:
SD Codified L § 1-16A-43 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-43 - Pledge of revenues to secure bonds.

1-16A-43. Pledge of revenues to secure bonds.The principal of and interest on any bonds issued by the authority shall be secured by a pledge of the revenues, rentals, and receipts out of which the same shall be made payable and may be secured by a trust indenture or mortgage or deed of trust (including assignment of leases or other contract rights of the authority thereunder) covering all or any part of the facilities from which the revenues, rentals, or receipts so pledged may be derived, including any enlargements of and additions to any such facilities thereafter made. Source: SL 1972, ch 10, §12.
SD Codified L § 1-16A-44 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-44 - Pledge continuing until bonds paid.

1-16A-44. Pledge continuing until bonds paid.Each pledge, agreement, lease, indenture, mortgage and deed of trust made for the benefit or security of any of the bonds of the authority shall continue effective until the principal of and interest on the bonds for the benefit of which the same were made shall have been fully paid or provision for such payment duly made. Source: SL 1972, ch 10, §12.
SD Codified L § 1-16A-45 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-45 - Maintenance, rental and funding agreements in bond resolution.

1-16A-45. Maintenance, rental and funding agreements in bond resolution.The resolution under which the bonds are authorized to be issued and any such trust indenture, mortgage, or deed of trust may contain any agreements and provisions respecting the maintenance of the properties covered thereby, the fixing and collection of rents for any portions thereof leased by the authority to others, the creation and maintenance of special funds from such revenues and the rights and remedies available in the event of default, including the designation of a trustee, all as the authority shall deem advisable and not in conflict with the provisions hereof. Source: SL 1972, ch 10, §12.
SD Codified L § 1-16A-46 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-46 - Pooling of leases for pledge of revenues.

1-16A-46. Pooling of leases for pledge of revenues.In addition to the foregoing, bonds of the authority may be secured by a pooling of leases whereby the authority may assign its rights, as lessor, and pledge rents under two or more leases of the facilities with two or more participating health institutions or participating educational institutions, as lessees respectively, upon such terms as may be provided for in the resolutions of the authority or as may be provided for in a trust indenture authorized by the authority. Source: SL 1972, ch 10, §12.
SD Codified L § 1-16A-47 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-47 - Bond redemption privileges retained.

1-16A-47. Bond redemption privileges retained.If deemed advisable by the authority there may be retained in the resolutions or the trust indenture under which any bonds of the authority are authorized to be issued an option to redeem all or any part thereof as may be specified in such resolutions or in such trust indenture, at such price or prices and after such notice or notices and on such terms and conditions as may be set forth in such resolutions or in such trust indenture, and as may be briefly recited in the face of the bonds, but nothing herein contained shall be construed to confer on the authority the right or option to redeem any bonds except as may be provided in the resolutions or in such trust indenture under which they shall be issued. Source: SL 1972, ch 10, §10.
SD Codified L § 1-16A-48 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-48 - Additional bonds for facilities or HEAL loans--Protection of prior bondholders.

1-16A-48. Additional bonds for facilities or HEAL loans--Protection of prior bondholders.Issuance by the authority of one or more series of bonds for one or more purposes shall not preclude it from issuing other bonds in connection with the same facilities or HEAL loans or any other facilities or HEAL loans or any other purpose hereunder, but the resolutions or trust indenture whereunder any subsequent bonds may be issued shall recognize and protect any prior pledge or mortgage made for any prior issue of bonds. Source: SL 1972, ch 10, §11; SL 1982, ch 10, §10.
SD Codified L § 1-16A-49 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-49 - Remedies of bondholders on default.

1-16A-49. Remedies of bondholders on default.In the event of default in payment of the principal of or interest on any bonds of the authority or in any agreements of the authority made as a part of the contract under which the bonds were issued, whether contained in the resolutions authorizing the bonds or in any trust indenture, mortgage, or deed of trust executed as security therefor, said payment or agreement may be enforced by suit, mandamus, the appointment of a receiver in equity or by foreclosure of any mortgage and deed of trust, or any one or more of said remedies. Source: SL 1972, ch 10, §12.
SD Codified L § 1-16A-50 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-50 - General obligation not created by issuance of bonds--Tax levy not promised.

1-16A-50. General obligation not created by issuance of bonds--Tax levy not promised.Bonds issued under the provisions of this chapter shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof other than the authority or a pledge of the faith and credit of the state or of any such political subdivision other than the authority, but shall be payable solely from the funds herein provided therefor. The issuance of bonds under the provisions of this chapter shall not, directly or indirectly or contingently, obligate the state or any political subdivision thereof to levy any form of taxation therefor or to make any appropriation for their payment. Source: SL 1972, ch 10, §13.
SD Codified L § 1-16A-51 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-51 - State debt not created--Disclaimer in bonds.

1-16A-51. State debt not created--Disclaimer in bonds.Nothing in this chapter shall be construed to authorize the authority to create a debt of the state within the meaning of the Constitution or statutes of South Dakota and all bonds issued by the authority pursuant to the provisions of this chapter are payable and shall state that they are payable solely from the funds pledged for their payment in accordance with the resolution authorizing their issuance or in any trust indenture or mortgage or deed of trust executed as security therefor. The state shall not in any event be liable for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, mortgage, obligation, or agreement of any kind whatsoever which may be undertaken by the authority. No breach of any such pledge, mortgage, obligation, or agreement may impose any pecuniary liability upon the state or any charge upon their general credit or against their taxing power. Source: SL 1972, ch 10, §13.
SD Codified L § 1-16A-52 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52 - Pledge of full faith and credit of authority or institution.

1-16A-52. Pledge of full faith and credit of authority or institution.Nothing contained in §1-16A-50 or 1-16A-51 shall prevent or be construed to prevent the authority from pledging its full faith and credit or the full faith and credit of a participating health institution or participating educational institution, as the case may be, to the payment of bonds authorized pursuant to this chapter. Source: SL 1972, ch 10, §13.
SD Codified L § 1-16A-52.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52.1 - Financing through federally guaranteed securities authorized.

1-16A-52.1.Financing through federally guaranteed securities authorized.Notwithstanding any other provisions of this chapter to the contrary, the authority may finance the cost of an educational or health facility, or refund outstanding indebtedness incurred prior to or after the effective date of this section for the construction or acquisition of an educational or health facility, by issuing its bonds pursuant to a plan of financing involving the acquisition of any federally guaranteed security or securities or the acquisition or entering into of commitments to acquire any federally guaranteed security or securities. For the purposes of this chapter, "federally guaranteed security" shall mean any direct obligation of, or obligation the principal of and interest on which are fully guaranteed or insured by, the United States of America or any obligation issued by or the principal of and interest on which are fully guaranteed or insured by any agency or instrumentality of the United States of America, including without limitation any such obligation that is issued pursuant to the National Housing Act (12 U.S. C. §1701 et seq.), or any successor provision of law, each as amended from time to time. Source: SL 1979, ch 7, §2.
SD Codified L § 1-16A-52.2 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52.2 - Commitments and agreements for financing through federally guaranteed securities.

1-16A-52.2. Commitments and agreements for financing through federally guaranteed securities.In furtherance of the powers granted in §1-16A-52.1, the authority may acquire or enter into commitments to acquire any federally guaranteed security and to pledge or otherwise use any such federally guaranteed security in such manner as the authority deems in its best interest to secure or otherwise provide a source of repayment of any of its bonds issued to finance or refinance health or educational facilities or to enter into any appropriate agreement with any participating health or educational institution whereby the authority may make a loan to any such participating health or educational institution for the purpose of acquiring or entering into commitments to acquire any federally guaranteed security. Any agreement entered into pursuant to this section may contain such provisions which are deemed necessary or desirable by the authority for the security or protection of the authority or the holders of such bonds. However, the authority, prior to making any such acquisition, commitment or loan, shall first determine, and shall first enter into an agreement with any such participating health or educational institution or any other appropriate institution or corporation to require that the proceeds derived from the acquisition of any such federally guaranteed security will be used, directly or indirectly, for the purpose of financing or refinancing a health or educational facility. Source: SL 1979, ch 7, §3.
SD Codified L § 1-16A-52.3 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52.3 - Bonds not to exceed cost of facility--Expenses included--Terms and sale of bonds.

1-16A-52.3. Bonds not to exceed cost of facility--Expenses included--Terms and sale of bonds.Any bonds issued pursuant to §1-16A-52.1 shall not exceed in principal amount the cost of such educational or health facility as determined by the participating educational or health institution and approved by the authority. However such costs may include, without limitation, all costs and expenses necessary or incidental to the acquisition of or commitment to acquire any federally guaranteed security and to the issuance and obtaining of any insurance or guarantee of any obligation issued or incurred in connection with any federally guaranteed security. In other respects any such bonds shall be subject to the provisions of §§1-16A-39 to 1-16A-41, inclusive, and the trust agreement or indenture creating such bonds may contain such of the provisions set forth in §1-16A-45 as the authority may deem appropriate. Source: SL 1979, ch 7, §4.
SD Codified L § 1-16A-52.4 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52.4 - Title to facility financed through federally guaranteed securities--Mortgage--Lease prohibited.

1-16A-52.4. Title to facility financed through federally guaranteed securities--Mortgage--Lease prohibited.If an educational or health facility is financed or refinanced pursuant to §§1-16A-52.1 to 1-16A-52.3, inclusive, the title to the facility shall remain in the participating educational or health institution owning the facility. The title is subject to the lien of any mortgage, if any, securing the federally guaranteed securities being purchased. There may not be a lease of the facility between the authority and the institution. Source: SL 1979, ch 7, §5; SL 2013, ch 5, §1.
SD Codified L § 1-16A-52.5 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-52.5 - Return of securities to issuer when provision made for payment.

1-16A-52.5. Return of securities to issuer when provision made for payment.The provisions of §1-16A-56 shall not apply to any educational or health facility financed pursuant to §§1-16A-52.1 to 1-16A-52.5, inclusive, but the authority shall return the securities purchased through the issuance of bonds thereunder to the issuer of such securities when such securities have been fully paid or when such bonds have been fully paid and retired or when adequate provision, not involving the application of such securities, has been made to pay and retire the same fully, all other conditions of the trust agreement or indenture creating such bonds have been satisfied and the lien thereof has been released in accordance with the provisions hereof. Source: SL 1979, ch 7, §6.
SD Codified L § 1-16A-53 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-53 - Refunding bonds authorized--Amount.

1-16A-53. Refunding bonds authorized--Amount.Any bonds of the authority at any time outstanding may at any time and from time to time be refunded by the authority by the issuance of its refunding bonds in such amount as the authority may deem necessary but not exceeding an amount sufficient to refund the principal of the bonds so to be refunded, together with any unpaid interest thereon and any premiums, commissions, service fees and other expenses necessary to be paid in connection therewith. Source: SL 1972, ch 10, §11.
SD Codified L § 1-16A-54 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-54 - Methods of refunding--Maturity dates.

1-16A-54. Methods of refunding--Maturity dates.Any such refunding may be effected whether the bonds to be refunded shall have then matured or shall thereafter mature, either by sale of the refunding bonds and the application of the proceeds thereof for the payment of the bonds to be refunded thereby, or by the exchange of the refunding bonds for the bonds to be refunded thereby with the consent of the holders of the bonds so to be refunded, and regardless of whether or not the bonds to be refunded were issued in connection with the same facilities or separate facilities or for any other purpose hereunder, and regardless of whether or not the bonds proposed to be refunded shall be payable on the same date or different dates or shall be due serially or otherwise. Source: SL 1972, ch 10, §11.
SD Codified L § 1-16A-54.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-54.1 - Bond issue authorized to refund securities of participating institution.

1-16A-54.1. Bond issue authorized to refund securities of participating institution.Notwithstanding any other provisions of this chapter to the contrary, the authority may finance the cost of an educational or health facility, or refund outstanding indebtedness incurred prior to or after July 1, 1976, for the construction or acquisition of an educational or health facility, by issuing its bonds for the purpose of purchasing the securities of a participating educational institution or participating health institution. Source: SL 1976, ch 9, §1.
SD Codified L § 1-16A-54.2 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-54.2 - Amount and terms of securities purchased--Mortgage--Insurance and guaranties.

1-16A-54.2. Amount and terms of securities purchased--Mortgage--Insurance and guaranties.Any securities purchased pursuant to §1-16A-54.1 shall have the same principal amounts, maturities, and interest rates as the bonds being issued pursuant to §1-16A-54.1. If the authority deems it advisable, the securities may be secured by a first mortgage lien on the educational or health facility being financed. If a mortgage is required, the securities are subject to any exception approved by the authority and created by a mortgage instrument satisfactory to the authority. The securities may be insured or guaranteed by others. Source: SL 1976, ch 9, §1; SL 2013, ch 5, §2.
SD Codified L § 1-16A-54.3 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-54.3 - Pledge of securities to secure bonds--Income used for payment--Maximum principal--Bonds subject to other provisions of chapter.

1-16A-54.3. Pledge of securities to secure bonds--Income used for payment--Maximum principal--Bonds subject to other provisions of chapter.Any bonds issued pursuant to §1-16A-54.1 shall be secured by a pledge of the securities purchased pursuant to §1-16A-54.1 under the trust agreement or indenture creating such bonds, shall be payable solely out of the payments to be made on such securities, and shall not exceed in principal amount the cost of such educational or health facility as determined by the participating educational or health institution and approved by the authority. In other respects any such bonds shall be subject to the provisions of §§1-16A-39 to 1-16A-41, inclusive, and the trust agreement or indenture creating such bonds may contain such of the provisions set forth in §1-16A-45 as the authority may deem appropriate. Source: SL 1976, ch 9, §1.
SD Codified L § 1-16A-54.4 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-54.4 - Title of financed facility to remain in participating institution--Mortgage--Lease prohibited.

1-16A-54.4. Title of financed facility to remain in participating institution--Mortgage--Lease prohibited.If an educational or health facility is financed pursuant to §§1-16A-54.1 to 1-16A-54.3, inclusive, the title to the facility shall remain in the participating educational or health institution owning the facility. The title is subject to the lien of the mortgage, if any, securing the securities being purchased. There may not be a lease of the facility between the authority and the institution. Source: SL 1976, ch 9, §2; SL 2013, ch 5, §3.
SD Codified L § 1-16A-55 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-55 - Bonds of authority as legal investments.

1-16A-55. Bonds of authority as legal investments.The state and all counties, municipalities, political subdivisions and public bodies, and public officers of any thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, insurance companies, and associations, and all personal representatives, conservators, trustees, and other fiduciaries may legally invest any debt service funds, moneys or other funds belonging to them or within their control in any bonds issued pursuant to this chapter. Source: SL 1972, ch 10, §20; SL 1992, ch 60, §2; SL 1993, ch 213, §73.
SD Codified L § 1-16A-56 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-56 - Conveyance of facility to participating institution when debt paid.

1-16A-56. Conveyance of facility to participating institution when debt paid.When the principal of and interest on bonds issued by the authority to finance the cost of facilities or to refinance outstanding indebtedness of one or more participating health institutions or participating educational institutions, as the case may be, including any refunding bonds issued to refund and refinance such bonds, have been fully paid and retired or when adequate provision has been made to fully pay and retire the same, and all other conditions of the resolution, the lease, the trust indenture and the mortgage or deed of trust, if any, authorizing and securing the same have been satisfied and the lien of such mortgage or deed of trust has been released in accordance with the provisions thereof, the authority shall promptly do all things and execute such deeds and conveyances as are necessary and required to convey its right, title and interest in such facilities so financed, and any other facilities mortgaged to secure the bonds, to such participating health institution or institutions or to such participating educational institution or institutions, as the case may be. Source: SL 1972, ch 10, §16.
SD Codified L § 1-16A-56.1 (2021)
2021 South Dakota Codified Laws|Title 1 - State Affairs and Government|Chapter 16A - Health And Educational Facilities Authority|Section 1-16A-56.1 - Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.

1-16A-56.1. Conveyance provisions inapplicable to refinanced facility--Return of securities when bonds paid or payment provided for.The provisions of §1-16A-56 shall not apply to any educational or health facility financed pursuant to §§1-16A-54.1 to 1-16A-54.4, inclusive, but the authority shall return the securities purchased through the issuance of bonds thereunder to the participating educational or health institution issuing such securities when such bonds have been fully paid and retired or when adequate provision has been made to pay and retire the same fully and all other conditions of the trust agreement or indenture creating such bonds have been satisfied and the lien thereof has been released in accordance with the provisions hereof. Source: SL 1976, ch 9, §3.