remove the authorization to issue grants as part of a tax increment financing district.

Summary

The bill removes the ability of South Dakota municipalities and counties to give grant money as part of a tax increment financing (TIF) district. It limits TIF spending to defined project costs such as construction, financing and professional services. The change would affect any political subdivision that creates or runs a TIF district.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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