South Dakota Statutes
§ 11-9-36 — Bonds payable only from special fund.
South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 TAX INCREMENT FINANCING DISTRICTS
Tax increment bonds are payable only out of the special fund created under § 11-9-31 . Each bond must state that the bond is only payable out of the special fund and that the bond does not constitute a general indebtedness of the political subdivision or a charge against the general taxing power of the political subdivision.
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South Dakota § 11-9-36 (Bonds payable only from special fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Meierhenry v. City of Huron
354 N.W.2d 171 (South Dakota Supreme Court, 1984)
Legislative History
SL 1978, ch 91, §§ 21, 24; SL 1983, ch 37, § 10; SL 2011, ch 73, § 13; SL 2018, ch 70, § 37; SL 2024, ch 45, § 16.
Nearby Sections
15
§ 11-1-15
Repealed§ 11-11-1
Legislative findings.