11-9-40. Sale of bonds.
Tax increment bonds may be sold at public or private sale at a price that the governing body deems in the best interests of the municipality.
Source: SL 1978, ch 91, §23; SL 1983, ch 37, §12; SL 2011, ch 73, §18; SL 2018, ch 70, §41.
Structure South Dakota Codified Laws
Title 11 - Planning, Zoning and Housing Programs
Chapter 09 - Tax Increment Financing Districts
Section 11-9-1 - Definition of terms.
Section 11-9-2 - Municipal powers related to districts.
Section 11-9-3 - Planning commission hearing on creation of district--Notice.
Section 11-9-5 - Governing body resolution creating district--Boundaries--Name.
Section 11-9-6 - Districts with overlapping boundaries permitted.
Section 11-9-7 - Maximum percentage of taxable property in municipality permitted in district.
Section 11-9-8 - Required findings in resolution creating district.
Section 11-9-9 - 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 11-9-25 - 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 11-9-30 - Methods of paying project costs.
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 11-9-36 - 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 11-9-40 - 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 11-9-45 - Disposition of funds remaining after payment of project costs and bonds.
Section 11-9-46 - Termination of district.
Section 11-9-48 - Reports of tax increment financing districts published on department website.