South Dakota § 11-9-39 Other security and marketability provisions.

South Dakota Statutes

§ 11-9-39 — Other security and marketability provisions.

South Dakota § 11-9-39

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8TAX INCREMENT FINANCING DISTRICTS

This text of South Dakota § 11-9-39 (Other security and marketability provisions.) 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 § 11-9-39 (2026).

Text

To increase the security and marketability of its tax increment bonds, a political subdivision may do either or both of the following:

(1)Create a lien for the benefit of the bondholders upon any public improvements or public works financed by the bonds or the revenues from the bonds; or (2) Make covenants and do any and all acts, not inconsistent with the South Dakota Constitution, necessary, convenient, or desirable in order to additionally secure bonds or to make the bonds more marketable according to the best judgment of the governing body, including the establishment of a reserve for the payment of principal and interest on the bonds funded from the proceeds of the bonds or other revenues, including tax increments, of the political subdivision.

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To increase the security and marketability of its tax increment bonds, a political subdivision may do either or both of the following: (1) Create a lien for the benefit of the bondholders upon any public improvements or public works financed by the bonds or the revenues from the bonds; or (2) Make covenants and do any and all acts, not inconsistent with the South Dakota Constitution, necessary, convenient, or desirable in order to additionally secure bonds or to make the bonds more marketable according to the best judgment of the governing body, including the establishment of a reserve for the payment of principal and interest on the bonds funded from the proceeds of the bonds or other revenues, including tax increments, of the political subdivision.