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.