South Dakota 09 — Tax Incremental Districts
- 11-9-1 — Definition of terms.
- 11-9-2 — Municipal powers related to districts.
- 11-9-3 — Planning commission hearing on creation of district--Notice.
- 11-9-4 — Recommendation by planning commission for creation of district--Designation ofboundaries.
- 11-9-5 — Governing body resolution creating district--Boundaries--Name.
- 11-9-6 — Districts with overlapping boundaries permitted.
- 11-9-7 — Maximum percentage of taxable property in municipality permitted in districts.
- 11-9-8 — Findings required as to blighted areas--Likelihood of enhanced value fromimprovements.
- 11-9-9 — Areas conducive to disease or crime defined as blighted.
- 11-9-10 — Developed areas impairing growth defined as blighted.
- 11-9-11 — Open areas impairing growth defined as blighted.
- 11-9-12 — Determination of tax incremental base on creation or expansion of district.
- 11-9-13 — Recommendation of project plan by commission--Statement of improvementsproposed, costs, and plan for financing.
- 11-9-14 — Definition of project costs.
- 11-9-15 — Specific items included in project costs.
- 11-9-16 — Statement as to zoning and property use impact--Relocation methods.
- 11-9-17 — Governing body resolution adopting project plan--Findings of feasibility andconformity with municipal master plan.
- 11-9-18 — Amendment to project plan--Procedure.
- 11-9-19 — Tax incremental base defined.
- 11-9-20 — Determination of tax incremental base for newly created district.
- 11-9-20.1 — Aggregate assessed value for district not in compliance with § 10-6-33.8.
- 11-9-21 — Identification on assessment rolls of property within districts.
- 11-9-22 — Property recently acquired by municipality--Presumption as to inclusion in taxincremental base.
- 11-9-23 — Redetermination of tax incremental base when project costs increased by amendmentof plan.
- 11-9-24 — Annual notice to taxing districts as to total assessed value and tax incremental base--Change in laws not to result in lower assessed values--Conditions.
- 11-9-25 — Allocation to municipality of tax increments--Duration of allocation.
- 11-9-26 — Definition and computation of tax increment for district.
- 11-9-27 — Taxation of property in district.
- 11-9-28 — Payment to municipality of allocable tax increment.
- 11-9-29 — Repealed.
- 11-9-30 — Methods of paying project costs.
- 11-9-31 — Tax increments deposited in special fund--Municipal appropriations to fund--Investment of moneys in fund.
- 11-9-32 — Permissible uses of special fund.
- 11-9-33 — Bonds and notes authorized for payment of project costs.
- 11-9-34 — Resolution authorizing bonds or notes--Voters' approval not required.
- 11-9-35 — Maximum amount of bonds or notes--Maturity--Redemption provisions--Bearer orregistered--Denominations.
- 11-9-36 — Bonds and notes payable only from special fund--Not general debt of municipality.
- 11-9-37 — Pledge of special fund to bonds or notes--Restrictions on use of fund--Lien on fund.
- 11-9-38 — Bonds and notes negotiable--Bonds payable only from tax increment.
- 11-9-39 — Other provisions to secure holders of bonds and notes.
- 11-9-39.1 — State pledge not to alter rights vested in bondholders until bonds or notes are fullydischarged.
- 11-9-40 — Sale of bonds or notes--Other municipal bonding provisions applicable.
- 11-9-41 — Procedure for condemnation under power of eminent domain.
- 11-9-42 — Tax increments not to be used for residential development.
- 11-9-43 — Performance bond required of purchaser or lessee of property.
- 11-9-44 — Notice to purchaser or lessee and surety of default in contract--Taking possession ofproperty on default.
- 11-9-45 — Disposition of special fund remaining after payment of project costs.
- 11-9-46 — Termination of tax incremental district.
- 11-9-47 — Repealed.