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