South Dakota § 9-51-14 Ordinance authorizing revenue bonds--Pledge and definition of net revenues.

South Dakota Statutes

§ 9-51-14 — Ordinance authorizing revenue bonds--Pledge and definition of net revenues.

South Dakota § 9-51-14

Title 9MUNICIPAL GOVERNMENT

Ch. 9-51MUNICIPAL PARKING FACILITIES

This text of South Dakota § 9-51-14 (Ordinance authorizing revenue bonds--Pledge and definition of net revenues.) 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 § 9-51-14 (2026).

Text

The bonds described in § 9-51-13 shall be authorized by an ordinance duly adopted by the governing body and subject to referendum as other ordinances, in which ordinance the governing body may pledge all or any part of any one or more of the following:

(1)The net revenues derived from the property acquired or constructed from the proceeds of such bonds;

(2)Any net revenues of any other similar project or automobile parking facility whether acquired from proceeds of similar bonds or otherwise;

(3)Any net revenues derived by the municipality from on - street parking meters. The governing body shall make such investigation of facts and circumstances as is necessary and based upon the findings made in such investigation and in accordance with sound accounting practices shall find a

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The bonds described in § 9-51-13 shall be authorized by an ordinance duly adopted by the governing body and subject to referendum as other ordinances, in which ordinance the governing body may pledge all or any part of any one or more of the following: (1) The net revenues derived from the property acquired or constructed from the proceeds of such bonds; (2) Any net revenues of any other similar project or automobile parking facility whether acquired from proceeds of similar bonds or otherwise; (3) Any net revenues derived by the municipality from on - street parking meters. The governing body shall make such investigation of facts and circumstances as is necessary and based upon the findings made in such investigation and in accordance with sound accounting practices shall find and determine what portion of the revenues are net revenues and shall so define "net revenues" in the ordinance or ordinances adopted hereunder.