TAX INCREMENT FINANCING DISTRICTS
11-9-1 Definition of terms.
11-9-2 Municipal powers related to districts.
11-9-3 Planning commission hearing on creation of district--Notice.
11-9-4 Recommendation by planning commission for creation of district--Designation of boundaries.
11-9-5 Governing body resolution creating district--Boundaries--Name.
11-9-6 Districts with overlapping boundaries permitted.
11-9-7 Maximum percentage of taxable property in municipality permitted in districts.
11-9-8 Required findings in resolution creating district.
11-9-9 Areas conducive to disease or crime defined as blighted.
11-9-10 Developed areas impairing growth defined as blighted.
11-9-11 Open areas impairing growth defined as blighted.
11-9-12 Determination of tax increment base on creation of district or amendment of plan.
11-9-13 Project plan for each district--Contents.
11-9-14 Project costs defined.
11-9-15 Items included in project costs.
11-9-16 Additional contents of project plan.
11-9-17 Governing body resolution approving project plan_Findings.
11-9-18 Amendment to project plan--Procedure.
11-9-19 Tax increment base defined.
11-9-20 Determination of tax increment base of district.
11-9-20.1 Aggregate assessed value for district not in compliance with § 10-6-33.8.
11-9-21 Indication on assessment rolls of parcels within district.
11-9-22 Presumption as to property recently acquired or leased by municipality.
11-9-23 Redetermination of tax increment base when project costs increased by amendment of plan.
11-9-24 Annual notice by department of assessed value of real property and tax increment base--Change in laws not to result in lower assessed values--Conditions.
11-9-25 Allocation to municipality of tax increments--Duration of allocation.
11-9-26 Tax increment defined.
11-9-27 Taxation of property in district.
11-9-28 Payment to municipality of allocable tax increment.
11-9-30 Methods of paying project costs.
11-9-31 Tax increments deposited in special fund--Municipal appropriations to fund--Investment of moneys in fund.
11-9-32 Permissible uses of special fund.
11-9-33 Bonds authorized for payment of project costs.
11-9-34 Bonds or contracts authorized by resolution.
11-9-35 Maximum amount of bonds--Maturity--Redemption--Bearer or registered--Denominations.
11-9-36 Bonds payable only from special fund.
11-9-37 Pledge of special fund to bonds--Restrictions on use of fund--Lien.
11-9-38 Bonds to be negotiable and payable only from tax increment.
11-9-39 Other security and marketability provisions.
11-9-39.1 State pledge not to alter rights vested in bondholders until bonds fully discharged.
11-9-40 Sale of bonds.
Procedure for condemnation under power of eminent domain. 11-9-42
Tax increments not to be used for residential structures. 11-9-43
Performance bond required of purchaser or lessee of property. 11-9-44
Notice to purchaser or lessee and surety of noncompliance with contract--Taking possession of work site. 11-9-45
Disposition of funds remaining after payment of project costs and bonds. 11-9-46
Termination of district .11-9-47
Reports of tax increment financing districts published on department website.
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