1-16I SOUTH DAKOTA ENERGY INFRASTRUCTURE AUTHORITY
CHAPTER 1-16I
SOUTH DAKOTA ENERGY INFRASTRUCTURE AUTHORITY
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Definitions.
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South Dakota Energy Infrastructure created--Purpose.
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Power of authority to finance, construct, and operate energy transmission facilities--Partnerships.
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Divestiture of ownership of energy transmission facility--Recovery of investment.
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Maximum amount of outstanding bonds--Legislative approval of issuance--Contracts.
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Duties of authority.
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Board of directors--Appointment--Terms.
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Removal of board members--Grounds.
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Compensation of members--Reimbursement of expenses.
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Oath of office.
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Executive director, agents, and employees--Duties--Compensation.
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Meetings of the board.
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Quorum--Vote required for action.
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Business interests not disqualification for membership--Abstention where conflict
of interest.
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Open meetings--Notice--Resolutions.
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Record of proceedings--Custodian of books, documents, and papers--Copies--Certification.
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Fees for use of transmission facilities--Borrowing funds--Leases.
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Powers of authority.
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Investment of funds.
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Issuance of revenue bonds, notes, or other evidences of indebtedness.
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Suit to compel performance by holder of revenue bonds, notes, or other instruments
issued by authority.
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Action to compel payment of principal or interest on bonds or premium.
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Negotiability of bonds, notes, and other instruments--Temporary instruments.
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Pledge of revenues from lease or loan agreement--Trust agreement--Remedy.
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Pledge or assignment of and lien on or security interest in revenues, funds, or
accounts.
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Pledge by state not to impair rights and remedies of holders of bonds and notes.
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State not liable for principal or interest on bonds, notes, or obligations of authority.
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Governmental bodies, financial institutions, and others authorized to invest in bonds
or notes issued by authority.
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Exemption of documentary material and data involving trade secrets, etc. from
disclosure--Consideration by authority in executive session.
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Title to any electric transmission facility.
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Acquisition of property.
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Acquisition, improvement, maintenance, and decommissioning of electric
transmission facilities.
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Intergovernmental agreements.
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Sharing of agency employees.
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Inapplicability of § 5-2-19.
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Designation of depositories.
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Tax and securities exemptions of authority.
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Authority reports to Governor's Office of Economic Development.
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Informational budget.
Title 1