State of South Dakota

South Dakota Legislature

South Dakota Codified Laws

 
34A-14 PETROLEUM ENVIRONMENTAL COMPLIANCE AUTHORITY
CHAPTER 34A-14

PETROLEUM ENVIRONMENTAL COMPLIANCE AUTHORITY

34A-14-1      Establishment of public authority to issue revenue bonds and make loans--Powers--Immediate funding and completion of capital investments.
34A-14-2      Definition of terms.
34A-14-3      Creation of Petroleum Environmental Compliance Authority.
34A-14-4      Members of board of directors of authority--Appointment.
34A-14-5      Quorum of board--Vote by majority.
34A-14-6      Powers of authority.
34A-14-7      Additional powers of authority to make loans and investments.
34A-14-8      Additional powers of authority to borrow funds and issue bonds.
34A-14-9      Bonds payable solely out of authority's revenue--Exception--Inspection fee--Additional security.
34A-14-10      Obligations payable solely from revenue and assets of authority--Statement on face--Authority revenue bonds not general obligations of state.
34A-14-11      Bonds--Authorization and maturation--Application of other state laws--Sale.
34A-14-12      Lien of pledge made by authority--Validity--Recording of pledge not required.
34A-14-13      Purchase and canceling of bonds, loans, or other obligations by authority--Reasonable price.
34A-14-14      Security of bonds by trust indenture or other agreement--Protecting and enforcing rights of bondholders--Payment and disbursement--Expenses.
34A-14-15      Bonds deemed negotiable instruments.
34A-14-16      Validity of signature of board member or officer leaving position prior to delivery.
34A-14-17      Persons executing bonds not personally liable.
34A-14-18      Pledge and agreement of state not to limit rights of authority or bondholders until bonds discharged.
34A-14-19      Conflict of interest of member or employee of authority--Disclosure--Participation prohibited--Officer or owner of organization.
34A-14-20      Payment of tax on property owned by authority not required--Obligations free from taxation.
34A-14-21      Bonds and notes of authority made securities subject to investment and deposit.
34A-14-22      Provisions controlling.
34A-14-23      Liberal construction.
34A-14-24      Remaining assets of dissolved authority inure to benefit of state.
34A-14-25      Authority to issue bonds and pledge security--Pledge from secretary.
34A-14-26      Report--Deadline for submission--Contents.
34A-14-27      Short title.


Title 34A
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