For the purpose of paying project costs, the governing body may issue tax increment bonds payable out of positive tax increments. Source: SL 1978, ch 91 , § 21; SL 2011, ch 73 , § 10; SL 2018, ch 70 , § 34.
SDCL § 11-9-33 — under TAX INCREMENT FINANCING DISTRICTS.
SDCL § 11-9-33
For the purpose of paying project costs, the governing body may issue tax increment bonds payable out of positive tax increments. Source: SL 1978, ch 91 , § 21; SL 2011, ch 73 , § 10; SL 2018, ch 70 , § 34.