SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
11-11-1 Legislative findings.
11-11-2 Declaration of necessity for development authority.
11-11-3 Powers necessary for development authority.
11-11-4 Declaration of public purposes and public interest.
11-11-5 Definition of terms.
11-11-6 Developments and projects subject to chapter.
11-11-7 Sponsors eligible under chapter.
11-11-9 Costs covered by chapter.
11-11-10 Development authority established--Administrator of federal housing program.
11-11-11 Reporting to Governor's Office of Economic Development.
11-11-12 Appointment of commissioners--Political affiliations.
11-11-13 State officers and employees eligible as commissioners.
11-11-14 Corporate officers and employees eligible as commissioners--Abstention on conflict of interests.
11-11-15 Terms of office of commissioners--Vacancy--Restrictions on reappointment.
11-11-16 Surety bonds of commissioners and executive director--Blanket bond--Payment of cost.
11-11-17 Removal of commissioner from office.
11-11-18 Officers of commissioners.
11-11-19 Meetings of commissioners--Quorum--Majority required for action.
11-11-20 Compensation of commissioners.
11-11-21 Executive director--Appointment and duties--Other personnel.
11-11-23 Benefits of state employees provided.
11-11-24 Records maintained by secretary--Certified copies--Publication of resolutions.
11-11-25 Powers of local commissions conferred upon authority--Approval by local governing body required--Cooperation with local commissions.
11-11-26 Power to carry out chapter.
11-11-27 Power to sue and be sued--Seal--Perpetual succession--Office.
11-11-28 Consolidation of processing for developments and projects.
11-11-29 Policy favoring private business firms.
11-11-30 Bylaws, rules, and regulations.
11-11-31 Research and development.
11-11-33 Advice and technical assistance to developments, projects and residents.
11-11-34 Cooperation with federal and other governmental agencies.
11-11-36 Execution of necessary instruments.
11-11-37 Acceptance of legislative appropriations--Purposes to which applied.
11-11-38 Annual informational budget required--Inclusion in Governor's budget report.
11-11-39 Acceptance of grants and contributions--Purposes to which applied.
Residual powers of authority. 11-11-41
Power to borrow and issue evidence of indebtedness. 11-11-42
Financing, reserves, and incidental costs included in amounts borrowed. 11-11-43
Issuance of notes and bonds--Purposes for which used. 11-11-44
Qualified private activity bonds--Maximum aggregate principal amount. 11-11-46
Authority as state issuing agency and housing credit agency. 11-11-48
Compliance with federal conditions for qualified mortgage bonds. 11-11-49
Public debt not created by authority obligations--Statement on face of obligations. 11-11-50
Refunding of notes and bonds. 11-11-51
Consent of other public agencies not required for bonds or notes--Procedural requirements of other laws not applicable. 11-11-52
Terms of notes and bonds--Maturity--Form of instruments--Interest--Redemption--Sale. 11-11-53
Notes and bonds as general obligations of authority--Exception. 11-11-54
Bond resolution provisions--Contracts with bondholders. 11-11-55
to 11-11-64. Repealed. 11-11-65
Trust indenture to secure bonds--Contents--Expenses of trust indenture--Separate trustee not authorized. 11-11-66
Pledge binding when made--Attachment of lien. 11-11-67
Continuing validity of signatures by commissioners or officers. 11-11-68
Purpose of capital reserve fund requirements. 11-11-70
Establishment of capital reserve funds--Moneys paid into funds. 11-11-71
Amount required in capital reserve fund for each year. 11-11-72
Valuation of securities held by capital reserve funds. 11-11-73
Transfer to other funds of capital reserve fund income. 11-11-74
Purposes to which moneys in reserve funds applied--Maintenance of required amount. 11-11-75
Deposit in reserve fund of bond proceeds necessary to maintain required amount. 11-11-76
Annual budget estimate for restoration of capital reserve fund--Governor's budget--Deposit of appropriated funds. 11-11-77
Other funds created by authority. 11-11-78
Purchase of authority's own bonds--Cancellation--Resale. 11-11-79
Price of bonds repurchased for cancellation. 11-11-80
Refunding obligations authorized--Application of provisions applicable to original obligations. 11-11-81
Sale or exchange of refunding obligations--Investment of proceeds pending redemption of original obligations. 11-11-82
Compliance with certain other state laws not required. 11-11-83
Appointment of trustee by bondholders after authority default. 11-11-84
Enforcement of bondholders' rights. 11-11-85
to 11-11-90. Repealed. 11-11-91
Circuit court jurisdiction of proceedings by trustee. 11-11-92
State pledge to bondholders. 11-11-94
Commissioners and executive director not personally liable.
Negotiability of bonds. 11-11-96
Securities regulation--Bonds treated as securities of state instrumentality. 11-11-97
Bonds as legal investments for financial institutions and fiduciaries. 11-11-97.1
Authority may contract to manage payment or interest rate risk for bonds. 11-11-98
Investment of authority funds. 11-11-99
Acquisition and disposition of property. 11-11-101
Exemption of authority from taxes, recording fees and transfer taxes. 11-11-102
Contracts--Mortgage loans--Foreclosure. 11-11-103
to 11-11-108. Repealed. 11-11-109
to 11-11-112. Repealed. 11-11-113
Confidentiality of applications and financial information. 11-11-115
Applications--Signatures and certification required--Perjury. 11-11-116
Construction to be substantially completed, or final insurance or guarantee certificate issued before loan disbursed. 11-11-118
Additional lending powers of authority. 11-11-119
Purchase of mortgages from mortgage lenders. 11-11-120
Purchase of securities from mortgage lenders. 11-11-121
Loans to mortgage lenders for new residential mortgages. 11-11-123
Requirements for transactions with mortgage lenders. 11-11-124
Eligibility of obligations purchased from mortgage lenders for purchase or purchase commitment--Criteria. 11-11-125
to 11-11-133. Repealed. 11-11-134
Purchase of federally insured housing mortgages. 11-11-135
Sale or transfer of mortgage loan or obligation. 11-11-136
Court actions to enforce loans or protect the public interest--Foreclosure.11-11-138
Receiver appointed to safeguard authority's loan. 11-11-139
Reorganization of housing sponsor subject to control by authority. 11-11-140
Notice to authority before sale of real property on judgment against housing sponsor--Protective steps taken by authority. 11-11-141
Promulgation of rules regarding borrowers, admission of occupants, and ancillary commercial facilities. 11-11-142
, 11-11-143. Repealed. 11-11-144
Provisions governing loans and other financing to sponsors of multifamily units and day-care facilities. 11-11-145
to 11-11-147. Repealed. 11-11-148
Loans restricted to sponsors meeting statutory definition. 11-11-149
Amount and amortization period of FHA loans. 11-11-150
Amount and amortization of non-FHA loans. 11-11-151
Terms and form of loans or other financing--Investment in multifamily residential housing projects and day-care facilities. 11-11-152
Interest rates on which loans made--Additional charges. 11-11-153
Surety bonds and other assurances of payment and performance. 11-11-156
to 11-11-160. Repealed. 11-11-161
Conditions of mortgage loan or other financing. 11-11-162
Supervision of multifamily residential housing units and day-care facilities. 11-11-164
to 11-11-166. Repealed. 11-11-167
, 11-11-169. Repealed. 11-11-170
to 11-11-174. Repealed. 11-11-175
to 11-11-178. Repealed. 11-11-179
Retirement and redemption of investments in sponsor of multifamily units and day-care facilities. 11-11-180
General power to make rules and regulations. 11-11-181
Annual report by authority to Governor and Legislature. 11-11-182
Annual audit of authority. 11-11-183
Chapter cumulative and supplemental to other laws. 11-11-184
Chapter controlling over other laws. 11-11-185
Citation of chapter. 11-11-186
to 11-11-188. Repealed. 11-11-189