§ 11-9-1 Definition of terms
§ 11-9-2 Municipal powers related to districts
§ 11-9-3 Planning commission hearing on creation of district–Notice
§ 11-9-4 Recommendation by planning commission for creation of district–Designation of boundaries
§ 11-9-5 Governing body resolution creating district–Boundaries–Name
§ 11-9-6 Districts with overlapping boundaries permitted
§ 11-9-7 Maximum percentage of taxable property in municipality permitted in district
§ 11-9-8 Required findings in resolution creating district
§ 11-9-9 Areas conducive to disease or crime defined as blighted
§ 11-9-10 Developed areas impairing growth defined as blighted
§ 11-9-11 Open areas impairing growth defined as blighted
§ 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 defined
§ 11-9-15 Items included in project costs
§ 11-9-16 Additional contents of project plan
§ 11-9-17 Governing body resolution approving project plan–Findings
§ 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
§ 11-9-21 Indication on assessment rolls of parcels within district
§ 11-9-22 Presumption as to property recently acquired or leased by municipality
§ 11-9-23 Redetermination of tax increment base when project costs increased by amendment of plan
§ 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 municipality of allocable tax increment
§ 11-9-30 Methods of paying project costs
§ 11-9-31 Tax increments deposited in special fund–Municipal appropriations to fund–Investment of moneys in fund
§ 11-9-32 Permissible uses of special fund
§ 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
§ 11-9-48 Reports of tax increment financing districts published on department website
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Terms Used In South Dakota Codified Laws > Title 11 > Chapter 9 - Tax Increment Financing Districts

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.