PocketLaw | South Dakota Codified Laws | Tax Increment Financing

Tax Increment Financing Districts

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Definition of terms.

Municipal powers related to districts.

Planning commission hearing on creation of district--Notice.

Recommendation by planning commission for creation of district--Designation of boundaries.

Governing body resolution creating district--Boundaries--Name.

Districts with overlapping boundaries permitted.

Maximum percentage of taxable property in municipality permitted in district.

Required findings in resolution creating district.

Areas conducive to disease or crime defined as blighted.

Section
11-9-10

Developed areas impairing growth defined as blighted.

Section
11-9-11

Open areas impairing growth defined as blighted.

Section
11-9-12

Determination of tax increment base on creation of district or amendment of plan.

Section
11-9-13

Project plan for each district--Contents.

Section
11-9-14

Project costs defined.

Section
11-9-15

Items included in project costs.

Section
11-9-16

Additional contents of project plan.

Section
11-9-17

Governing body resolution approving project plan--Findings.

Section
11-9-18

Amendment to project plan--Procedure.

Section
11-9-19

Tax increment base defined.

Section
11-9-20

Determination of tax increment base of district.

Section
11-9-20.1

Aggregate assessed value for district not in compliance with § 10-6-121.

Section
11-9-21

Indication on assessment rolls of parcels within district.

Section
11-9-22

Presumption as to property recently acquired or leased by municipality.

Section
11-9-23

Redetermination of tax increment base when project costs increased by amendment of plan.

Section
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.

Section
11-9-25

Allocation to municipality of tax increments--Duration of allocation.

Section
11-9-26

Tax increment defined.

Section
11-9-27

Taxation of property in district.

Section
11-9-28

Payment to municipality of allocable tax increment.

Section
11-9-29

11-9-29.Repealed by SL 1983, ch 37, §9

Section
11-9-30

Methods of paying project costs.

Section
11-9-31

Tax increments deposited in special fund--Municipal appropriations to fund--Investment of moneys in fund.

Section
11-9-32

Permissible uses of special fund.

Section
11-9-33

Bonds authorized for payment of project costs.

Section
11-9-34

Bonds or contracts authorized by resolution.

Section
11-9-35

Maximum amount of bonds--Maturity--Redemption--Bearer or registered--Denominations.

Section
11-9-36

Bonds payable only from special fund.

Section
11-9-37

Pledge of special fund to bonds--Restrictions on use of fund--Lien.

Section
11-9-38

Bonds to be negotiable and payable only from tax increment.

Section
11-9-39

Other security and marketability provisions.

Section
11-9-39.1

State pledge not to alter rights vested in bondholders until bonds fully discharged.

Section
11-9-40

Sale of bonds.

Section
11-9-41

Procedure for condemnation under power of eminent domain.

Section
11-9-42

Tax increments not to be used for residential structures.

Section
11-9-43

Performance bond required of purchaser or lessee of property.

Section
11-9-44

Notice to purchaser or lessee and surety of noncompliance with contract--Taking possession of work site.

Section
11-9-45

Disposition of funds remaining after payment of project costs and bonds.

Section
11-9-46

Termination of district.

Section
11-9-47

11-9-47.Repealed by SL 1982, ch 16, §14

Section
11-9-48

Reports of tax increment financing districts published on department website.