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Danforth & Meierhenry is general counsel for the South Dakota Building Authority and the Education Enhancement Funding Corporation. South Dakota Building Authoirty The South Dakota Building Authority (the "Authority") is a body politic and corporate and a public instrumentality of the State of South Dakota. The Authority was created to provide low cost financing for buildings owned by the State of South Dakota. The South Dakota Building Authority is committed to facilitating the financing process and ensuring its integrity. The Authority also administers the Conservation Reserve Enhancement Program (CREP). The CREP program is an extension of the Federal Government’s Conservation Reserve Program (CRP). CREP advances land owners the present value of their future annual CRP payments in a lump sum. The firm has been General Counsel in the Authority's issuance of the following Bonds: Series 1994A | 7,100,000 State Health Lab | 7,525,000 | | 425,000 Custer State Park | | Note 1995 | Northern State University | 4,500,000 | | Beulah Williams Library | | Series 1995A | Refund 1995 Note - 4,500,000 | 11,950,000 | | Northern State University | | | Beulah Williams Library | | | 7,450,000 Board of Regents Repair | | | & Maintenance | | Series 1996A | Refund Series 1986A certificates | 112,471,501 | Series 1996B | Refund Series 1986A certificates | 19,665,000 | Series 1996C | Refund Series 1991B and 1994A bonds | 14,140,000 | Series 1996D | Sioux Falls Outdoor Learning | 2,500,000 | | Skills Center | | Series 1997 | University of South Dakota Old | 2,463,000 | | Main Building Renovation | | Series 1998A | Conservation Reserve Enhancement | 8,000,000 | | Program | | Series 1999 | 8,110,000 Board of Regents | 9,955,000 | | Renovation/Construction Projects | | | | 3,030,000 DSU | | | | 2,540,000 SDSU | | | | 2,540,000 SDSM&T | | | Refund Series 1992 – 1,845,000 | | Series 2000 | University of South Dakota | | | | Dakota Dome Roof | 6,505,000 | Series 2002 | Refund Series 1988A bonds | | Special Obligation | and Series 1989 certificates | 6,825,000 | Taxable Refunding bonds | | | Series 2002 | Dakota State University | | | | Technology Classroom - 2,500,000 | | | | Black Hills State University | | | | Academic Facility - 2,500,000 | 5,000,000 | Series 2003 | Refund Series 1993A, 1993B, | | Revenue Refunding bonds | 1995A, and 1996D | 15,785,000 | Series 2003A | University of South Dakota | | Revenue Bonds | Medical School - 12,500,000 | | | | South Dakota School of Mines and Technology | | | | Library renovation, electrical system upgrade, | | | | and an air conditioning project - 2,040,000 | | | | Refund Series 1997 - 2,320,000 | 16,860,000 | Series 2005 A & B | Office of Attorney General and Department | | Revenue Bonds | of Public Safety Building in Pierre, SD | 12,635,000 | Series 2005C Refunding | Northern State University | | & Revenue Bonds | Technology Center – 7,000,000 | | | | Partial Refunding of Series 1999 | | | | and Series 2000 – 10,125,000 | 17,125,000 | Series 2006A | Center for Graduate Education and Applied | | | | Research(GEAR) in Sioux Falls - | | | | $2,000,000 | | | | Game, Fish & Parks fish hatcheries | | | | improvements - $10,000,000 | | | | Refund a portion of the Series 1996C | | | | - $4,265,000 | 16,265,000 | Series 2006 B & C | Refund a portion of the Series 1996A bonds | 25,855,000 | Series 2007 | South Dakota State University | | | | New Science Building – 24,000,000 | | | | Public University | | | | New Classroom Building – 7,700,000 | | | | University of South Dakota | | | | School of Business – 5,400,000 | | | | Slagle hall Renovation – 4,600,000 | | | | Various Maintenance & Repair | | | | Projects – 8,590,000 | | | | Custer State Park Maintenance & Repair | | | | Projects – 5,110,000 | | | | Custer State Park Camping Cabins – 840,000 | 56,240,000 |
Education Enhancement Funding CorporationThe Education Enhancement Funding Corporation (the "Corporation") is a special purpose corporation and is a instrumentality of the State of South Dakota. On November 23, 1998, attorney generals in 46 states (inlducing South Dakota) and the four largest tobacco compaies settled litigation and entered into a settment agreement, refrered to in the industry as the master settlement agreement (MSA). The agreement provided for annual payments to states in exchange for release of future smoking-related claims. The Corporation was formed to (1) purchase the Tabacco Settlement Revenues in the MSAfrom the State of South Dakota, (2) issue bonds and (3) to do any other acts and things necessary to carry out the intent of its authorizing act. On September 24, 2002 the Corporation issued $278,045 Tobacco Settlement Asset Backed Bonds of which $148,505 were taxable and $129,540 were tax-exempt. The proceeds of the bonds were used to purchase the Tabacco Settlement Revenues from the State of South Dakota. The State of South Dakota placed the money in the Educational Enhancement Trust Fund.
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