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.
S.D. Codified Laws § 11-9-32
Permissible uses of special fund
Source: SL 1978, ch 91, § 18; SL 2011, ch 73, § 9; SL 2018, ch 70, § 33; SL 2024, ch 45, § 14
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.