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2019 South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 09 - Tax Increment Financing Districts
§ 11-9-45 Disposition of funds remaining after payment of project costs and bonds.
Universal Citation: SD Codified L § 11-9-45 (2019)
11-9-45. Disposition of funds remaining after payment of project costs and bonds. After all project costs and all tax increment bonds of the district have been paid or provided for subject to any agreement with bondholders, any moneys remaining in the fund shall be paid to each taxing district in the amount belonging to each respectively, with due regard for what portion of the moneys, if any, represent tax increments not allocated to the municipality and what portion, if any, represents voluntary deposits of the municipality into the fund.
Source: SL 1978, ch 91, § 18; SL 2011, ch 73, § 20; SL 2018, ch 70, § 44.
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