11-9-46. Termination of district.
52 words·~1 min read·
/sd/title-11/chapter-11-9/11-9-46A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The existence of a district shall terminate when:
(1)Positive tax increments are no longer allocable to a district under § 11-9-25 ; or
(2)The governing body, by resolution, dissolves the district, after payment or provision for payment of all project costs, grants, and all tax increment bonds of the district.