South Dakota § 11-9-45 Disposition of funds remaining after payment of project costs and bonds.

South Dakota Statutes

§ 11-9-45 — Disposition of funds remaining after payment of project costs and bonds.

South Dakota § 11-9-45

Title 11PLANNING, ZONING AND HOUSING PROGRAMS

Ch. 11-8TAX INCREMENT FINANCING DISTRICTS

This text of South Dakota § 11-9-45 (Disposition of funds remaining after payment of project costs and bonds.) 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 § 11-9-45 (2026).

Text

After all project costs and all tax increment bonds of the district have been paid or provided for, subject to any agreement with bondholders, any moneys remaining in the fund must be paid to each taxing district in the amount belonging to each respectively, with due regard for what portion of the moneys, if any, represent tax increments not allocated to the political subdivision and what portion, if any, represents voluntary deposits of the political subdivision into the fund.

Free access — add to your briefcase to read the full text and ask questions with AI

After all project costs and all tax increment bonds of the district have been paid or provided for, subject to any agreement with bondholders, any moneys remaining in the fund must be paid to each taxing district in the amount belonging to each respectively, with due regard for what portion of the moneys, if any, represent tax increments not allocated to the political subdivision and what portion, if any, represents voluntary deposits of the political subdivision into the fund.