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

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


Current as of: 2010
§ 11-9-1Definition of terms
§ 11-9-2Municipal powers related to districts
§ 11-9-3Planning commission hearing on creation of district--Notice
§ 11-9-4Recommendation by planning commission for creation of district--Designation of boundaries
§ 11-9-5Governing body resolution creating district--Boundaries--Name
§ 11-9-6Districts with overlapping boundaries permitted
§ 11-9-7Maximum percentage of taxable property in municipality permitted in districts
§ 11-9-8Findings required as to blighted areas--Likelihood of enhanced value from improvements
§ 11-9-9Areas conducive to disease or crime defined as blighted
§ 11-9-10Developed areas impairing growth defined as blighted
§ 11-9-11Open areas impairing growth defined as blighted
§ 11-9-12Determination of tax incremental base on creation or expansion of district
§ 11-9-13Recommendation of project plan by commission--Statement of improvements proposed, costs, and plan for financing
§ 11-9-14Definition of project costs
§ 11-9-15Specific items included in project costs
§ 11-9-16Statement as to zoning and property use impact--Relocation methods
§ 11-9-17Governing body resolution adopting project plan--Findings of feasibility and conformity with municipal master plan
§ 11-9-18Amendment to project plan--Procedure
§ 11-9-19Tax incremental base defined
§ 11-9-20Determination of tax incremental base for newly created district
§ 11-9-20.1Aggregate assessed value for district not in compliance with ยง 10-6-33.8
§ 11-9-21Identification on assessment rolls of property within districts
§ 11-9-22Property recently acquired by municipality--Presumption as to inclusion in tax incremental base
§ 11-9-23Redetermination of tax incremental base when project costs increased by amendment of plan
§ 11-9-24Annual notice to taxing districts as to total assessed value and tax incremental base--Change in laws not to result in lower assessed values--Conditions
§ 11-9-25Allocation to municipality of tax increments--Duration of allocation
§ 11-9-26Definition and computation of tax increment for district
§ 11-9-27Taxation of property in district
§ 11-9-28Payment to municipality of allocable tax increment
§ 11-9-30Methods of paying project costs
§ 11-9-31Tax increments deposited in special fund--Municipal appropriations to fund--Investment of moneys in fund
§ 11-9-32Permissible uses of special fund
§ 11-9-33Bonds and notes authorized for payment of project costs
§ 11-9-34Resolution authorizing bonds or notes--Voters' approval not required
§ 11-9-35Maximum amount of bonds or notes--Maturity--Redemption provisions--Bearer or registered--Denominations
§ 11-9-36Bonds and notes payable only from special fund--Not general debt of municipality
§ 11-9-37Pledge of special fund to bonds or notes--Restrictions on use of fund--Lien on fund
§ 11-9-38Bonds and notes negotiable--Bonds payable only from tax increment
§ 11-9-39Other provisions to secure holders of bonds and notes
§ 11-9-39.1State pledge not to alter rights vested in bondholders until bonds or notes are fully discharged
§ 11-9-40Sale of bonds or notes--Other municipal bonding provisions applicable
§ 11-9-41Procedure for condemnation under power of eminent domain
§ 11-9-42Tax increments not to be used for residential structures
§ 11-9-43Performance bond required of purchaser or lessee of property
§ 11-9-44Notice to purchaser or lessee and surety of default in contract--Taking possession of property on default
§ 11-9-45Disposition of special fund remaining after payment of project costs
§ 11-9-46Termination of tax incremental district

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