South Dakota Statutes

§ 11-9-36 — Bonds payable only from special fund.

South Dakota § 11-9-36
JurisdictionSouth Dakota
Title 11PLANNING, ZONING AND HOUSING PROGRAMS
Ch. 11-8TAX INCREMENT FINANCING DISTRICTS

This text of South Dakota § 11-9-36 (Bonds payable only from special fund.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.D. Codified Laws § 11-9-36 (2026).

Text

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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Related

Meierhenry v. City of Huron
354 N.W.2d 171 (South Dakota Supreme Court, 1984)
15 case citations

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

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Bluebook (online)
South Dakota § 11-9-36, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/11-9-36.