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

South Dakota Statutes

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

South Dakota § 49-16B-26

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-16BSOUTH DAKOTA RAILROAD AUTHORITY

This text of South Dakota § 49-16B-26 (Bonds--Repayment from lease income and revenues from facilities financed.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 49-16B-26 (2026).

Text

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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