S.D. Codified Laws § 11-9-30

Current through the 2024 Legislative Session

Section 11-9-30 - Methods of paying project costs

Payment of project costs may be made by any of the following methods or by any combination of methods:

(1) Payment by the political subdivision from the special fund of the district;

(2) Payment out of the funds of the political subdivision;

(3) Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A, or both;

(4) Payment out of the proceeds of revenue bonds issued by the political subdivision under chapter 9-54; or

(5) Payment out of the proceeds of the sale of tax increment bonds issued by the political subdivision under this chapter.

SDCL 11-9-30

SL 1978, ch 91, § 20; SL 2011, ch 73, §8; SL 2018, ch 70, §31; SL 2024, ch 45, §12.

Amended by S.L. 2024, ch. 45,s. 12, eff. 7/1/2024.

Amended by S.L. 2018, ch. 70,s. 31, eff. 7/1/2018.