This bill updates South Dakota's water district borrowing rules to clarify that districts can issue revenue bonds and other debt instruments that are repaid solely from the district's operating revenues, with specific reference to state bonding procedures. The bill also confirms that water districts can pledge their property and assets as collateral when borrowing from federal agencies, the state, or private lenders to secure loans.
This bill does not directly amend codified state law.
Signed by the Governor S.J. 543
Delivered to the Governor S.J. 495
Signed by the Speaker H.J. 635
Signed by the President S.J. 479
House of Representatives Do Pass Passed, YEAS 67, NAYS 1. H.J. 583
Commerce and Energy Do Pass Passed, YEAS 8, NAYS 1.
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 467
First Reading House H.J. 344
Senate Do Pass Passed, YEAS 35, NAYS 0. S.J. 258
Commerce and Energy Certified uncontested, placed on consent YEAS 8, NAYS 0. S.J. 1
Commerce and Energy Do Pass Passed, YEAS 8, NAYS 0. S.J. 1
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 159
Kyle Schoenfish
Prime sponsor · Sen.
R
Do Pass
Commerce and Energy — Do Pass
Commerce and Energy — Do Pass
Commerce and Energy — Certified uncontested, placed on consent