South Dakota Statutes

§ 49-16B-26 — Bonds--Repayment from lease income and revenues from facilities financed.

South Dakota·Title 49 PUBLIC UTILITIES AND CARRIERS·Ch. 49-16B SOUTH DAKOTA RAILROAD AUTHORITY

Such bonds shall be payable solely and only from:

(1)Income to be derived from rental leases as provided in §§ 49-16B-15 to 49-16B-21 , inclusive; and (2) Revenues to be derived by the authority from the operation of such facilities acquired, constructed, improved, or equipped in whole or in part with the proceeds of such bonds.

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South Dakota § 49-16B-26 (Bonds--Repayment from lease income and revenues from facilities financed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1980, ch 323, § 25.

Nearby Sections

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