Methods of paying project costs

Payment of project costs may be made by any of the following methods or by any combination of methods: (1) Payment by the political subdivision from the special fund of the district; (2) Payment out of the funds of the political subdivision; (3) Payment out of the proceeds of the sale of municipal bonds issued by the municipality under chapter 10-52 or 10-52A , or both; (4) Payment out of the proceeds of revenue bonds issued by the political subdivision under chapter 9-54 ; or (5) Payment out of the proceeds of the sale of tax increment bonds issued by the political subdivision under this chapter. Source: SL 1978, ch 91 , § 20; SL 2011, ch 73 , § 8; SL 2018, ch 70 , § 31; SL 2024, ch 45 , § 12.