South Dakota HB1186 requires county approval for municipalities to create tax increment financing districts.

South Dakota HB1186 mandates that a municipality cannot establish a tax increment financing district without the consent of the county's board of county commissioners. This consent must be granted through a resolution. The bill adds a new section to chapter 11-9, emphasizing the necessity of county approval for such districts.

South Dakota HB1186 requires county approval for municipalities to create tax increment financing districts.

South Dakota HB1186 mandates that a municipality cannot establish a tax increment financing district without the consent of the county's board of county commissioners. This consent must be granted through a resolution. The bill adds a new section to chapter 11-9, emphasizing the necessity of county approval for such districts.