South Dakota Codified Laws 9-51-11. Alternative means of financing 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;
Terms Used In South Dakota Codified Laws 9-51-11
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(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.
Source: SL 1955, ch 216, § 4; SDC Supp 1960, § 45.02A04; SL 1984, ch 43, § 90.