Home/South Dakota/Statutes/Title 11: PLANNING, ZONING AND HOUSING PROGRAMS/Ch. 11-8: TAX INCREMENT FINANCING DISTRICTS/§ 11-9-38
South Dakota Statutes

§ 11-9-38 — Bonds to be negotiable and payable only from tax increment.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 TAX INCREMENT FINANCING DISTRICTS
Each bond issued pursuant to this chapter and all interest coupons related to the bonds are negotiable instruments. Bonds issued are not general obligation bonds and are payable only from the tax increment of the project as provided in this chapter.

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South Dakota § 11-9-38 (Bonds to be negotiable and payable only from tax increment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1978, ch 91, § 21; SL 2011, ch 73, § 15; SL 2018, ch 70, § 39.

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