South Dakota § 5-12-36 - Authority to convey property to state when debt paid or payment provided for--Reversion to authority.
Full text of South Dakota South Dakota Codified Laws § 5-12-36 — Authority to convey property to state when debt paid or payment provided for--Reversion to authority., with citation guidance and answers to common questions.
§ 5-12-36. Authority to convey property to state when debt paid or payment provided for--Reversion to authority.
To accomplish projects of the kind listed in this chapter, the Building Authority may convey property, without charge, to the State of South Dakota, if all debts which have been secured by the income from the property have been paid. The authority may transfer title and jurisdiction to the State of South Dakota of facilities, for which bonds have been issued and payment for the bonds has been provided for by an escrow. The facility shall revert to the authority if the lessee fails to make lease payments in connection with the facility until the bonds are paid.
Source: SL 1967, ch 276, § 5; SL 1986, ch 50, § 2; SL 1994, ch 50, § 10.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 5-12-36
What does South Dakota Codified Laws § 5-12-36 cover?
Section 5-12-36 ("Authority to convey property to state when debt paid or payment provided for--Reversion to authority.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 5-12-36?
A common citation format is "South Dakota Codified Laws § 5-12-36" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 5-12-36 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.