Tax Increment Financing (TIF) 

South Dakota Laws > Title 11 > Chapter 9 > § 11-9-35 - Maximum amount of bonds or notes--Maturity--Redemption provisions--Bearer or registered--Denominations

Tax incremental bonds may not be issued in an amount exceeding the aggregate project costs. The bonds may not mature later than twenty years from the date thereof. The bonds may contain a provision authorizing the redemption thereof, in whole or in part, at stipulated prices, at the option of the municipality, on any interest payment date and shall provide the method of selecting the bonds to be redeemed. The principal and interest on the bonds may be payable at any time and at any place. The bonds may be payable to their bearer or may be registered as to the principal or principal and interest. The bonds may be in any denominations.

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See also:

South Dakota Laws > Title 11 > Chapter 9 - Tax Incremental Districts

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