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2019 South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 09 - Tax Increment Financing Districts
§ 11-9-36 Bonds payable only from special fund.
Universal Citation: SD Codified L § 11-9-36 (2019)
11-9-36. Bonds payable only from special fund. Tax increment bonds are payable only out of the special fund created under § 11-9-31. Each bond shall state that the bond is only payable out of the special fund and that the bond does not constitute a general indebtedness of the municipality or a charge against the municipality's general taxing power.
Source: SL 1978, ch 91, §§ 21, 24; SL 1983, ch 37, § 10; SL 2011, ch 73, § 13; SL 2018, ch 70, § 37.
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