South Dakota § 9-51-13 Issuance of parking facility revenue bonds authorized.

South Dakota Statutes

§ 9-51-13 — Issuance of parking facility revenue bonds authorized.

South Dakota § 9-51-13

Title 9MUNICIPAL GOVERNMENT

Ch. 9-51MUNICIPAL PARKING FACILITIES

This text of South Dakota § 9-51-13 (Issuance of parking facility revenue bonds authorized.) 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 § 9-51-13 (2026).

Text

For the purpose of financing the cost of the acquisition, construction, or improvement of automobile parking facilities any municipality may issue bonds for the payment of which the credit and taxing powers of the municipality are not pledged, but as to which the principal and interest shall be payable solely out of the net revenue set aside, appropriated and pledged as hereinafter set forth and provided.

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For the purpose of financing the cost of the acquisition, construction, or improvement of automobile parking facilities any municipality may issue bonds for the payment of which the credit and taxing powers of the municipality are not pledged, but as to which the principal and interest shall be payable solely out of the net revenue set aside, appropriated and pledged as hereinafter set forth and provided.