S.D. Codified Laws § 11-9-46

Current through the 2024 Legislative Session

Section 11-9-46 - Termination of district

The existence of a district shall terminate when:

(1) Positive tax increments are no longer allocable to a district under § 11-9-25; or

(2) The governing body, by resolution, dissolves the district, after payment or provision for payment of all project costs, grants, and all tax increment bonds of the district.

SDCL 11-9-46

SL 1978, ch 91, § 19; SL 1983, ch 37, § 13; SL 2011, ch 73, §19; SL 2018, ch 70, §45.

Amended by S.L. 2018, ch. 70,s. 45, eff. 7/1/2018.