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2019 South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 09 - Tax Increment Financing 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 Required findings in resolution creating district.
- § 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 increment base on creation of district or amendment of plan.
- § 11-9-13 Project plan for each district--Contents.
- § 11-9-14 Project costs defined.
- § 11-9-15 Items included in project costs.
- § 11-9-16 Additional contents of project plan.
- § 11-9-17 Governing body resolution approving project plan_Findings.
- § 11-9-18 Amendment to project plan--Procedure.
- § 11-9-19 Tax increment base defined.
- § 11-9-20 Determination of tax increment base of district.
- § 11-9-20.1 Aggregate assessed value for district not in compliance with ยง 10-6-33.8.
- § 11-9-21 Indication on assessment rolls of parcels within district.
- § 11-9-22 Presumption as to property recently acquired or leased by municipality.
- § 11-9-23 Redetermination of tax increment base when project costs increased by amendment of plan.
- § 11-9-24 Annual notice by department of assessed value of real property and tax increment 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 Tax increment defined.
- § 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- § 11-9-29 Repealed.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.
- § 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 noncompliance with contract--Taking possession of work site.
- § 11-9-45 Disposition of funds remaining after payment of project costs and bonds.
- § 11-9-46 Termination of district .
- § 11-9-47 Repealed.
- § 11-9-48 Reports of tax increment financing districts published on department website.
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