South Dakota § 9-51-11 Alternative means of financing parking facilities.

South Dakota Statutes

§ 9-51-11 — Alternative means of financing parking facilities.

South Dakota·Title 9 MUNICIPAL GOVERNMENT·Ch. 9-51 MUNICIPAL PARKING FACILITIES

Any municipality may pay for any portion of the cost of providing automobile parking facilities by:

(1)Appropriating moneys for the purposes authorized in § 9-51-10 ;

(2)Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on - street parking meters;

(3)Imposing reasonable rates, rents, fees, and charges for the use of any on - street or off - street parking privilege or facility which may be in excess of actual cost of operation, maintenance, regulation, and supervision of parking at the particular location where the privilege is exercised;

(4)Leasing any off - street facilities at specified or determinable rents to be paid the municipality under a lease made as authorized and limit

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Any municipality may pay for any portion of the cost of providing automobile parking facilities by: (1) Appropriating moneys for the purposes authorized in § 9-51-10 ; (2) Appropriating any part or all of the net revenues derived from the operation of its automobile parking facilities including the net revenue from on - street parking meters; (3) Imposing reasonable rates, rents, fees, and charges for the use of any on - street or off - street parking privilege or facility which may be in excess of actual cost of operation, maintenance, regulation, and supervision of parking at the particular location where the privilege is exercised; (4) Leasing any off - street facilities at specified or determinable rents to be paid the municipality under a lease made as authorized and limited in § 9-51-32 ; (5) Borrowing money and issuing bonds as authorized and limited in §§ 9-51-13 to 9-51-28 , inclusive; (6) Borrowing money and issuing general obligation bonds in the manner and after authorization as provided in chapter 9-26 as may be hereafter amended; (7) Any combination of all or any of the foregoing.

South Dakota § 9-51-11 (Alternative means of financing parking facilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.