South Dakota § 1-33B-16 - Powers of Governor's Office of Economic Development.
Full text of South Dakota South Dakota Codified Laws § 1-33B-16 — Powers of Governor's Office of Economic Development., with citation guidance and answers to common questions.
§ 1-33B-16. Powers of Governor's Office of Economic Development.
The Governor's Office of Economic Development, in order to implement § 1-33B-14, may:
(1) Make contracts and execute all instruments;
(2) Establish interest rates within the bounds as otherwise statutorily provided;
(3) Collect fees and charges, as are determined to be necessary, reasonable and proper in connection with its loans, advances, leases, grants, servicing, and other activities;
(4) Provide for the repayment and redeposit of loan and lease payments;
(5) Sue or be sued;
(6) Foreclose any mortgages, deed of trust, notes, debentures, bonds, and other security interests held by it, either by action or by exercise of a power of sale, and sell the equity of redemption in the security interests in accordance with the terms of the instruments and applicable state law, and take any other actions necessary to enforce any obligation held by it;
(7) Perform any act and execute any instrument which is necessary or convenient to the exercise of the powers granted by this chapter or reasonably implied from it;
(8) Make, and undertake commitments to make, loans or deposits of funds or lease equipment under terms and conditions for the purposes as stated in this chapter; and
(9) Make, and undertake commitments to make, loans or deposits of funds or equipment with lenders under terms and conditions which shall require the lenders to make loans of funds or lease equipment for the purposes as stated in this chapter.
Source: SL 1991, ch 16, § 6; SL 1994, ch 410 (Ex. Ord. 93-9), § 17.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 1-33B-16
What does South Dakota Codified Laws § 1-33B-16 cover?
Section 1-33B-16 ("Powers of Governor's Office of Economic Development.") 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 § 1-33B-16?
A common citation format is "South Dakota Codified Laws § 1-33B-16" (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 § 1-33B-16 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.