There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 11 PLANNING, ZONING AND HOUSING PROGRAMS
Chapter 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 of boundaries.
- §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 or economic development--Likelihood of enhanced value from improvements.
- §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 Project plan for each district--Contents.
- §11-9-14 Project costs defined.
- §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 and conformity 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 tax incremental base.
- §11-9-23 Redetermination of tax incremental base when project costs increased by amendment of 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- §11-9-29 Repealed.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 authorized for payment of project costs.
- §11-9-34 Bonds or contracts authorized by resolution.
- §11-9-35 Maximum amount of bonds--Maturity--Redemption--Bearer or registered--Denominations.
- §11-9-36 Bonds payable only from special fund--Recitals.
- §11-9-37 Pledge of special fund to bonds--Restrictions on use of fund--Lien.
- §11-9-38 Bonds to be negotiable and payable only from tax increment.
- §11-9-39 Other security and marketability provisions.
- §11-9-39.1 State pledge not to alter rights vested in bondholders until bonds fully discharged.
- §11-9-40 Sale of bonds.
- §11-9-41 Procedure for condemnation under power of eminent domain.
- §11-9-42 Tax increments not to be used for residential structures.
- §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 of property on default.
- §11-9-45 Disposition of funds remaining after payment of project costs and bonds.
- §11-9-46 Termination of tax incremental district.
- §11-9-47 Repealed.
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