§ 1-16J-1 South Dakota Ellsworth Development Authority created
§ 1-16J-2 Membership–Initial terms–Officers–Removal
§ 1-16J-3 Authority reports to Governor’s Office of Economic Development
§ 1-16J-4 Terms–Vacancies–Quorum
§ 1-16J-5 No compensation–Reimbursement of expenses
§ 1-16J-6 Employment of personnel
§ 1-16J-7 Powers of authority
§ 1-16J-8 Investments by authority
§ 1-16J-9 Issuance of revenue bonds, notes, or other evidences of indebtedness
§ 1-16J-10 Suit to compel performance by holder of revenue bonds, notes, or other instrumentsissued by authority
§ 1-16J-11 Action to compel payment of principal or interest on bonds or premium
§ 1-16J-12 Negotiability of bonds, notes, and other instruments–Temporary instruments
§ 1-16J-13 Pledge of revenues from lease or loan agreement–Trust agreement–Remedy
§ 1-16J-14 Pledge or assignment of and lien on or security interest in revenues, funds, oraccounts
§ 1-16J-15 Pledge by state not to impair rights and remedies of holders of bonds and notes
§ 1-16J-16 State not liable for principal or interest on bonds, notes, or obligations of authority
§ 1-16J-17 Governmental bodies, financial institutions, and others authorized to invest in bondsor notes issued by authority
§ 1-16J-18 Exemption of documentary material and data from disclosure–Consideration byauthority in executive session
§ 1-16J-19 Title to project
§ 1-16J-20 Inapplicability of § 5-2-19
§ 1-16J-21 Designation of depositories
§ 1-16J-22 Tax and securities exemptions of authority
§ 1-16J-23 Informational budget
§ 1-16J-24 Intergovernmental agreements
§ 1-16J-25 Sharing of agency employees

Terms Used In South Dakota Codified Laws > Title 1 > Chapter 16J - South Dakota Ellsworth Development Authority

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
  • Personal property: All property that is not real property.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Quorum: The number of legislators that must be present to do business.
  • Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
  • Summons: Another word for subpoena used by the criminal justice system.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2