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South Dakota Codified Laws
Title 11
Chapter 11-9
S.D. Codified Laws ch. 11-9
Tax Increment Financing Districts
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11-9-1
Definitions.
11-9-2
Powers of political subdivision.
11-9-3
Planning commission hearing on creation of district--Notice.
11-9-4
Creation of district--Planning commission recommendation--Designation of boundaries.
11-9-5
Creation of district--Governing body resolution--Contents.
11-9-6
Districts with overlapping boundaries restricted.
11-9-7
Repealed
Repealed
11-9-8
Creation of district--Governing body resolution--Required findings.
11-9-8.1
Creation of district--Approval of county district within municipality.
11-9-9
Areas conducive to disease or crime defined as blighted.
11-9-10
Blighted area defined.
11-9-11
Repealed
Repealed
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--General definition.
11-9-15
Project costs enumerated.
11-9-16
Additional contents of project plan.
11-9-17
Governing body resolution approving project plan--Findings.
11-9-17.1
Fiscal feasibility review--Independent review requirements.
11-9-17.2
Fiscal feasibility review--Contents--Advisory in nature--Available to public--Time for submission.
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 § 10-6-121.
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
Project plan amendment--Redetermination of tax increment base--Exclusion.
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 political subdivision of allocable tax increment.
11-9-29
Repealed
Repealed
11-9-30
Methods of paying project costs.
11-9-31
Tax increments deposited in special fund--Appropriations to fund--Investment of moneys in fund.
11-9-32
Special fund--Permissible uses.
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--Notice.
11-9-47
Repealed
Repealed
11-9-48
District reports published on department website.