South Dakota § 49-16B-36 Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.

South Dakota Statutes

§ 49-16B-36 — Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.

South Dakota § 49-16B-36

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-16BSOUTH DAKOTA RAILROAD AUTHORITY

This text of South Dakota § 49-16B-36 (Interim notes--Secured by pledge--Repayment from sale of revenue bonds and property acquired.) 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-36 (2026).

Text

All such notes and the interest thereon may be secured by a pledge of any income and revenue derived by the authority from the project to be undertaken with the proceeds of the notes, after deducting from such income and revenue any reasonable and necessary maintenance and operation expenses, and shall be payable solely from the proceeds to be derived from the sale of any revenue bonds for permanent financing authorized to be issued under §§ 49-16B-23 to 49-16B-30 , inclusive, and from the property acquired with the proceeds of the notes.

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All such notes and the interest thereon may be secured by a pledge of any income and revenue derived by the authority from the project to be undertaken with the proceeds of the notes, after deducting from such income and revenue any reasonable and necessary maintenance and operation expenses, and shall be payable solely from the proceeds to be derived from the sale of any revenue bonds for permanent financing authorized to be issued under §§ 49-16B-23 to 49-16B-30 , inclusive, and from the property acquired with the proceeds of the notes.