S.D. Codified Laws § 11-9-32

Current through the 2024 Legislative Session

Section 11-9-32 - Permissible uses of special fund

Moneys may only be paid out of the special fund created under § 11-9-31 to pay project costs or grants of the district, to reimburse the political subdivision for the payment of project costs or grants of the district, or to satisfy claims of holders of tax increment bonds issued for the district.

SDCL 11-9-32

SL 1978, ch 91, § 18; SL 2011, ch 73, §9; SL 2018, ch 70, §33; SL 2024, ch 45, §14.

Amended by S.L. 2024, ch. 45,s. 14, eff. 7/1/2024.

Amended by S.L. 2018, ch. 70,s. 33, eff. 7/1/2018.