State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-09 > Statute-11-9-46

11-9-46. Termination of tax incremental district. The existence of a tax incremental 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 and all tax incremental bonds and notes of the district.

Source: SL 1978, ch 91, § 19; SL 1983, ch 37, § 13.

State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-09 > Statute-11-9-46

11-9-46. Termination of tax incremental district. The existence of a tax incremental 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 and all tax incremental bonds and notes of the district.

Source: SL 1978, ch 91, § 19; SL 1983, ch 37, § 13.