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2019 South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 09 - Tax Increment Financing Districts
§ 11-9-38 Bonds to be negotiable and payable only from tax increment.
Universal Citation: SD Codified L § 11-9-38 (2019)
11-9-38. Bonds to be negotiable and payable only from tax increment. Each bond issued pursuant to this chapter and all interest coupons related to the bonds are negotiable instruments. Bonds issued are not general obligation bonds and are payable only from the tax increment of the project as provided in this chapter.
Source: SL 1978, ch 91, § 21; SL 2011, ch 73, § 15; SL 2018, ch 70, § 39.
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