Section 11-9-45 - Disposition of special fund remaining after payment of project costs. - South-dakota Statutes

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11-9-45. Disposition of special fund remaining after payment of project costs. After all project costs and all tax incremental bonds and notes of the district have been paid or provided for subject to any agreement with bondholders, if any moneys remain in the fund, they shall be paid to the treasurer of each county, school district, or other tax-levying municipality or to the general fund of the municipality in such amounts as belong to each respectively, having due regard for what portion of such moneys, if any, represents tax increments not allocated to the municipality and what portion thereof, if any, represents voluntary deposits of the municipality into the fund.

Source: SL 1978, ch 91, § 18.

State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-09 > Statute-11-9-45

11-9-45. Disposition of special fund remaining after payment of project costs. After all project costs and all tax incremental bonds and notes of the district have been paid or provided for subject to any agreement with bondholders, if any moneys remain in the fund, they shall be paid to the treasurer of each county, school district, or other tax-levying municipality or to the general fund of the municipality in such amounts as belong to each respectively, having due regard for what portion of such moneys, if any, represents tax increments not allocated to the municipality and what portion thereof, if any, represents voluntary deposits of the municipality into the fund.

Source: SL 1978, ch 91, § 18.

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State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-09 > Statute-11-9-45

11-9-45. Disposition of special fund remaining after payment of project costs. After all project costs and all tax incremental bonds and notes of the district have been paid or provided for subject to any agreement with bondholders, if any moneys remain in the fund, they shall be paid to the treasurer of each county, school district, or other tax-levying municipality or to the general fund of the municipality in such amounts as belong to each respectively, having due regard for what portion of such moneys, if any, represents tax increments not allocated to the municipality and what portion thereof, if any, represents voluntary deposits of the municipality into the fund.

Source: SL 1978, ch 91, § 18.