Moneys may be paid out of the special fund for the district created under § 11-9-31 only to pay project costs or grants of the district, to reimburse the political subdivision for the payment of project costs or grants of the district, or to satisfy claims of holders of tax increment bonds issued for the district.

Source: SL 1978, ch 91 , § 18; SL 2011, ch 73 , § 9; SL 2018, ch 70 , § 33; SL 2024, ch 45 , § 14; SL 2026, ch 58 , § 13.