South Dakota § 11-9-30 Methods of paying project costs.

South Dakota Statutes

§ 11-9-30 — Methods of paying project costs.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 TAX INCREMENT FINANCING DISTRICTS

Payment of project costs may be made by any of the following methods or by any combination of methods:

(1)Payment by the political subdivision from the special fund of the district;

(2)Payment out of the funds of the political subdivision;

(3)Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A , or both;

(4)Payment out of the proceeds of revenue bonds issued by the political subdivision under chapter 9-54 ; or (5) Payment out of the proceeds of the sale of tax increment bonds issued by the political subdivision under this chapter.

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Payment of project costs may be made by any of the following methods or by any combination of methods: (1) Payment by the political subdivision from the special fund of the district; (2) Payment out of the funds of the political subdivision; (3) Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A , or both; (4) Payment out of the proceeds of revenue bonds issued by the political subdivision under chapter 9-54 ; or (5) Payment out of the proceeds of the sale of tax increment bonds issued by the political subdivision under this chapter.

South Dakota § 11-9-30 (Methods of paying project costs.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.