reglab/housing_qa huggingface dataset:
SD Codified L § 11-8-55 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-55 - Lease or transfer of property for urban renewal development--Covenants and conditions--Approval by governing body.

11-8-55. Lease or transfer of property for urban renewal development--Covenants and conditions--Approval by governing body.A municipality may sell, lease or otherwise transfer real property or any interest therein acquired by it for an urban renewal project, and may enter into contracts with respect thereto, in an urban renewal area for residential, recreational, commercial, industrial, educational, or other uses or for public use, or may retain such property or interest for public use, in accordance with the urban renewal plan, subject to such covenants, conditions, and restrictions, including covenants, running with the land, as it may deem to be necessary or desirable to assist in preventing the development or spread of future slums or blighted areas or to otherwise carry out the purposes of this chapter: provided that such sale, lease, other transfer, or retention, and any agreement relating thereto, may be made only after the approval of the urban renewal plan by the local governing body. The purchasers or lessees and their successors and assignees shall be obligated to devote such real property only to the uses specified in the urban renewal plan, and may be obligated to comply with such other requirements as the municipality may determine to be in the public interest, including the obligation to begin within a reasonable time any improvements on such real property required by the urban renewal plan. Source: SL 1966, ch 149, §10 (1).
SD Codified L § 11-8-58 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-58 - Negotiated sale of urban renewal property--Advertising and invitation for proposals.

11-8-58. Negotiated sale of urban renewal property--Advertising and invitation for proposals.A municipality may dispose of real property in an urban renewal area to private persons on a negotiated basis at a price not less than its fair market value. Notice of the intent of the municipality to dispose of the real property and an invitation to submit proposals shall be published for one week. The transfer shall be authorized on the terms and in the manner provided by resolution of the governing body. Source: SL 1966, ch 149, §10 (2); SL 1977, ch 105; SL 1979, ch 94; SL 1982, ch 60, §12.
SD Codified L § 11-8-59 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-59 - Restriction on lease or reconveyance in conveyance to purchaser or lessee of urban renewal property.

11-8-59. Restriction on lease or reconveyance in conveyance to purchaser or lessee of urban renewal property.The municipality in any instrument of conveyance to a private purchaser or lessee may provide that such purchaser or lessee shall be without power to sell, lease, or otherwise transfer the real property without the prior written consent of the municipality until he has completed the construction of any or all improvements which he has obligated himself to construct thereon. Source: SL 1966, ch 149, §10 (1).
SD Codified L § 11-8-60 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-60 - Municipal conveyance conclusively presumed valid.

11-8-60. Municipal conveyance conclusively presumed valid.Any instrument executed by a municipality and purporting to convey any right, title, or interest in any property under this chapter shall be conclusively presumed to have been executed in compliance with the provisions of this chapter insofar as title or other interest of any bona fide purchasers, lessees, or transferees of such property is concerned. Source: SL 1966, ch 149, §15.
SD Codified L § 11-8-61 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-61 - Recording of urban renewal plan and contract for transfer of property.

11-8-61. Recording of urban renewal plan and contract for transfer of property.Any contract for such transfer and the urban renewal plan, or such part or parts of such contract or plan as the municipality may determine, may be recorded in the land records of the county in such manner as to afford actual or constructive notice thereof. Source: SL 1966, ch 149, §10 (1).
SD Codified L § 11-8-62 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-62 - Formalities waived in disposition of property acquired prior to approval of plan.

11-8-62. Formalities waived in disposition of property acquired prior to approval of plan.Any real property acquired pursuant to §11-8-25 may be disposed of without regard to the provisions of §§11-8-55 to 11-8-61, inclusive, if the local governing body has consented to the disposal. Source: SL 1966, ch 149, §10 (4).
SD Codified L § 11-8-63 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-63 - Disposition of urban renewal property for resale by public body or nonprofit corporation--Purchaser or lessee required to develop.

11-8-63. Disposition of urban renewal property for resale by public body or nonprofit corporation--Purchaser or lessee required to develop.Notwithstanding any other provisions of this chapter, where the municipality is situated in an area designated as a redevelopment area under the Federal Area Redevelopment Act (Public Law 87-27) or succeeding law, land in an urban renewal project area designated under the urban renewal plan for industrial or commercial uses may be disposed of to any public body or nonprofit corporation for subsequent disposition as promptly as practicable by the public body or corporation for redevelopment in accordance with the urban renewal plan, and only the purchaser from or lessee of the public body or corporation, and their assignees, shall be required to assume the obligation of beginning the building of improvements within a reasonable time. Any disposition of land to a public body or corporation under this section shall be made at its fair value for uses in accordance with the urban renewal plan. Source: SL 1966, ch 149, §10 (5).
SD Codified L § 11-8-64 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-64 - Tax exemption of urban renewal property--Termination of exemption on transfer to private purchaser or lessee.

11-8-64. Tax exemption of urban renewal property--Termination of exemption on transfer to private purchaser or lessee.The property of a municipality, acquired or held for the purposes of this chapter is declared to be public property used for essential public and governmental purposes and such property shall be exempt from all taxes of the municipality, the county, the state, or any political subdivision thereof: provided that such tax exemption shall terminate when the municipality sells, leases or otherwise disposes of such property in an urban renewal area to a purchaser or lessee which is not a public body entitled to tax exemption with respect to such property. Source: SL 1966, ch 149, §13.
SD Codified L § 11-8-66 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-66 - Power to issue bonds for urban renewal projects--Refunding bonds.

11-8-66. Power to issue bonds for urban renewal projects--Refunding bonds.A municipality shall have power to issue bonds from time to time in its discretion to finance the undertaking of any urban renewal project under this chapter, including, without limiting the generality thereof, the payment of principal and interest upon any advances for surveys and plans or preliminary loans, and shall also have power to issue refunding bonds for the payment or retirement of such bonds previously issued by it. Source: SL 1966, ch 149, §11.
SD Codified L § 11-8-67 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-67 - Income and revenues from which bonds payable--Additional security for payment of bonds.

11-8-67. Income and revenues from which bonds payable--Additional security for payment of bonds.Bonds issued pursuant to §11-8-66 shall be made payable, as to both principal and interest, solely from the income, proceeds, revenues, and funds of the municipality derived from or held in connection with its undertaking and carrying out of urban renewal projects under this chapter: provided, however, that payment of such bonds, both as to principal and interest, may be further secured by a pledge of any loan, grant, or contribution from the federal government or other source, in aid of any urban renewal projects of the municipality under this chapter, and by a mortgage of any such urban renewal projects, or any part thereof, title to which is in the municipality. Source: SL 1966, ch 149, §11.
SD Codified L § 11-8-68 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-68 - Resolution or ordinance authorizing bonds.

11-8-68. Resolution or ordinance authorizing bonds.Bonds issued under §11-8-66 may be authorized by resolution or ordinance of the local governing body as provided in chapter 6-8B. Source: SL 1966, ch 149, §11; SL 1974, ch 115; SL 1975, ch 47, §10; SL 1983, ch 28, §35; SL 1984, ch 43, §102.
SD Codified L § 11-8-71 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-71 - Bonds not subject to debt limitation.

11-8-71. Bonds not subject to debt limitation.Bonds issued under §11-8-66 shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. Source: SL 1966, ch 149, §11; SL 1984, ch 43, §102A.
SD Codified L § 11-8-72 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-72 - Tax exemption of bonds.

11-8-72. Tax exemption of bonds.Bonds issued under the provisions of this chapter are declared to be issued for an essential public and governmental purpose and, together with interest thereon and income therefrom, shall be exempted from all taxes. Source: SL 1966, ch 149, §11.
SD Codified L § 11-8-73 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-73 - Recital in bond conclusive of purpose and validity.

11-8-73. Recital in bond conclusive of purpose and validity.In any suit, action, or proceeding involving the validity or enforceability of any bond issued under this chapter or the security therefor, any such bond reciting in substance that it has been issued by the municipality in connection with an urban renewal project, as herein defined, shall be conclusively deemed to have been issued for such purpose and for such project, shall be conclusively deemed to have been planned, located, and carried out in accordance with the provisions of this chapter. Source: SL 1966, ch 149, §11.
SD Codified L § 11-8-74 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-74 - Investment in bonds authorized for financial institutions, trusts, fiduciaries and public deposits.

11-8-74. Investment in bonds authorized for financial institutions, trusts, fiduciaries and public deposits.All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking or investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all personal representatives, curators, trustees, and other fiduciaries, may legally invest any debt service funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by a municipality pursuant to this chapter or by any urban renewal agency or housing authority vested with urban renewal project powers under §§11-8-38 and 11-8-39: provided, that such bonds and other obligations shall be secured by an agreement between the issuer and the federal government in which the issuer agrees to borrow from the federal government and the federal government agrees to lend to the issuer, prior to the maturity of such bonds or other obligations, moneys in an amount which, together with any other moneys irrevocably committed to the payment of principal and interest on such bonds or other obligations, will suffice to pay the principal of such bonds or other obligations with interest to maturity thereon, which moneys under the terms of said agreement are required to be used for the purpose of paying the principal of and the interest on such bonds or other obligations at their maturity. Such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivisions, and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities. Source: SL 1966, ch 149, §12.
SD Codified L § 11-8-75 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-75 - Chapter controlling and supplemental to other laws.

11-8-75. Chapter controlling and supplemental to other laws.Insofar as the provisions of this chapter are inconsistent with the provisions of any other law, the provisions of this chapter shall be controlling. The powers conferred by this chapter shall be held and construed as ancillary and supplemental to the powers conferred by any other law. Source: SL 1966, ch 149, §21.
SD Codified L § 11-8-76 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 08 - Urban Renewal|Section 11-8-76 - Severability of chapter and applications.

11-8-76. Severability of chapter and applications.If a part of this chapter is invalid, all valid parts that are severable from the invalid part remain in effect. If a part of this chapter is invalid in one or more of its applications, the part remains in effect in all valid applications that are severable from the invalid applications. Source: SL 1966, ch 149, §21.
SD Codified L § 11-9-1 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-1 - Definition of terms.

11-9-1. Definition of terms.Terms used in this chapter mean:(1)"Department," the Department of Revenue;(2)"District," a tax increment financing district;(3)"Governing body," the board of trustees, the board of commissioners, the board of county commissioners, or the common council of a municipality;(4)"Grant," the transfer of money or property to a transferee for a governmental purpose that is not a related party to or an agent of the municipality;(5)"Municipality," any incorporated city or town in this state and, for purposes of this chapter only, any county in this state;(6)"Planning commission," a planning commission created under chapter 11-6 or a municipal planning committee of a governing body of a municipality that has no planning commission or, if the municipality is a county having no planning commission or planning committee, the board of county commissioners;(7)"Project plan," the properly approved plan for the development or redevelopment of a tax increment financing district including all properly approved amendments to the plan;(8)"Tax increment financing district," a contiguous geographic area within a municipality defined and created by resolution of the governing body;(9)"Taxable property," all real and personal taxable property located in a tax increment financing district;(10)"Tax increment valuation," is the total value of the tax increment financing district minus the tax increment base as determined pursuant to §11-9-19. Source: SL 1978, ch 91, §1; SL 1991, ch 114, §1; SL 1992, ch 60, §2; SL 1996, ch 69, §16; SL 2003, ch 272 (Ex. Ord. 03-1), §82; SL 2011, ch 1 (Ex. Ord. 11-1), §161, eff. Apr. 12, 2011; SL 2011, ch 73, §1; SL 2018, ch 70, §7.
SD Codified L § 11-9-2 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-2 - Municipal powers related to districts.

11-9-2. Municipal powers related to districts.A municipality may exercise those powers necessary and convenient to carry out the purposes of this chapter, including the power to:(1)Create districts and define the boundaries;(2)Prepare project plans, approve the plans, and implement the provisions and purposes of the plans, including the acquisition by purchase or condemnation of real and personal property within the district and the sale, lease, or other disposition of property to private individuals, partnerships, corporations, or other entities at a price less than the cost of the acquisition and of any site improvements undertaken by the municipality pursuant to a project plan;(3)Issue tax increment financing bonds;(4)Deposit moneys into the special fund of any district; and(5)Enter into any contract or agreement, including an agreement with bondholders, determined by the governing body to be necessary or convenient to implement the provisions and effectuate the purposes of a project plan. A contract or agreement may include conditions, restrictions, or covenants that run with the land or otherwise regulate the use of land or that establish a minimum market value for the land and completed improvements to be constructed by a specific date, which date may not be later than the date of termination of the district pursuant to §11-9-46. Any contract or agreement that provides for the payment of a specific sum of money at a specific future date shall be made pursuant to the provisions of chapter 6-8B. Source: SL 1978, ch 91, §6; SL 1983, ch 37, §6; SL 2011, ch 73, §2; SL 2018, ch 70, §8.
SD Codified L § 11-9-3 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-3 - Planning commission hearing on creation of district--Notice.

11-9-3. Planning commission hearing on creation of district--Notice.The planning commission shall hold a hearing at which interested parties are afforded a reasonable opportunity to express views on the proposed creation of a district and the district's proposed boundaries. Notice of the hearing shall be published once, not less than ten nor more than thirty days before the date of the hearing in a legal newspaper having a general circulation in the redevelopment area of the municipality. Before publication, a copy of the notice shall be sent by first class mail to the chief executive officer of each local governmental entity having the power to levy taxes on property located within the proposed district and to the school board of any school district that has property located within the proposed district. Source: SL 1978, ch 91, §7 (1); SL 1982, ch 60, §13; SL 2018, ch 70, §9.
SD Codified L § 11-9-4 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-4 - Recommendation by planning commission for creation of district--Designation of boundaries.

11-9-4. Recommendation by planning commission for creation of district--Designation of boundaries.The planning commission shall designate the boundaries of a district that the planning commission recommends be created. The planning commission shall submit the recommendation to the governing body. Source: SL 1978, ch 91, §7 (2); SL 2018, ch 70, §10.
SD Codified L § 11-9-5 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-5 - Governing body resolution creating district--Boundaries--Name.

11-9-5. Governing body resolution creating district--Boundaries--Name.The governing body shall adopt a resolution that:(1)Describes the boundaries, which may be the same as those recommended by the planning commission, of a district with sufficient definiteness to identify with ordinary and reasonable certainty the territory included. The boundaries may not split a whole unit of property that is being used for a single purpose;(2)Creates the district on a given date;(3)Assigns a name to the district for identification purposes. The first district created in each municipality shall be known as "Tax Increment Financing District Number One, City (or Town, or County) of __________." Each subsequently created district shall be assigned the next consecutive number. Source: SL 1978, ch 91, §7 (3); SL 2018, ch 70, §11.
SD Codified L § 11-9-6 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-6 - Districts with overlapping boundaries permitted.

11-9-6. Districts with overlapping boundaries permitted.Subject to any agreement with bondholders, a district may overlap with one or more existing districts if the boundaries of the districts are not identical. Source: SL 1978, ch 91, §26; SL 2018, ch 70, §12.
SD Codified L § 11-9-7 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-7 - Maximum percentage of taxable property in municipality permitted in district.

11-9-7. Maximum percentage of taxable property in municipality permitted in district.The resolution required by §11-9-5 shall contain a finding that the aggregate assessed value of the taxable property in the district plus the tax increment base of all other existing districts does not exceed ten percent of the total assessed value of all taxable property in the municipality. Source: SL 1978, ch 91, §7 (4) (c); SL 1991, ch 115, §1; SL 2018, ch 70, §13.
SD Codified L § 11-9-8 (2021)
2021 South Dakota Codified Laws|Title 11 - Planning, Zoning and Housing Programs|Chapter 09 - Tax Increment Financing Districts|Section 11-9-8 - Required findings in resolution creating district.

11-9-8. Required findings in resolution creating district.The resolution required by §11-9-5 shall contain the following findings:(1)Not less than twenty-five percent, by area, of the real property within the district is a blighted area or not less than fifty percent, by area, of the real property within the district will stimulate and develop the general economic welfare and prosperity of the state through the promotion and advancement of industrial, commercial, manufacturing, agricultural, or natural resources development; and(2)The improvement of the area is likely to significantly enhance the value of substantially all other real property in the district.It is not necessary to identify the specific parcels meeting the criteria. No county may create a district located, in whole or in part, within a municipality, unless the governing body of the municipality has consented to creation of a district by resolution. Source: SL 1978, ch 91, §7 (4) (a), (b); SL 1991, ch 114, §2; SL 1992, ch 60, §2; SL 2004, ch 126, §2; SL 2011, ch 73, §3; SL 2018, ch 70, §14.