Chapter 9 - TAX INCREMENT FINANCING DISTRICTS

Section 11-9-1 - Definition of terms
Section 11-9-2 - Municipal powers related to districts
Section 11-9-3 - Planning commission hearing on creation of district-Notice
Section 11-9-4 - Recommendation by planning commission for creation of district-Designation of boundaries
Section 11-9-5 - Governing body resolution creating district-Boundaries-Name
Section 11-9-6 - Districts with overlapping boundaries permitted
Section 11-9-7 - [Repealed]
Section 11-9-8 - Required findings in resolution creating district
Section 11-9-9 - Areas conducive to disease or crime defined as blighted
Section 11-9-10 - Developed areas impairing growth defined as blighted
Section 11-9-11 - [Repealed]
Section 11-9-12 - Determination of tax increment base on creation of district or amendment of plan
Section 11-9-13 - Project plan for each district-Contents
Section 11-9-14 - Project costs defined
Section 11-9-15 - Items included in project costs
Section 11-9-16 - Additional contents of project plan
Section 11-9-17 - Governing body resolution approving project plan-Findings
Section 11-9-18 - Amendment to project plan-Procedure
Section 11-9-19 - Tax increment base defined
Section 11-9-20 - Determination of tax increment base of district
Section 11-9-20.1 - Aggregate assessed value for district not in compliance with section 10-6-121
Section 11-9-21 - Indication on assessment rolls of parcels within district
Section 11-9-22 - Presumption as to property recently acquired or leased by municipality
Section 11-9-23 - Redetermination of tax increment base when project costs increased by amendment of plan
Section 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
Section 11-9-25 - Allocation to municipality of tax increments-Duration of allocation
Section 11-9-26 - Tax increment defined
Section 11-9-27 - Taxation of property in district
Section 11-9-28 - Payment to municipality of allocable tax increment
Section 11-9-29 - [Repealed]
Section 11-9-30 - Methods of paying project costs
Section 11-9-31 - Tax increments deposited in special fund-Municipal appropriations to fund-Investment of moneys in fund
Section 11-9-32 - Permissible uses of special fund
Section 11-9-33 - Bonds authorized for payment of project costs
Section 11-9-34 - Bonds or contracts authorized by resolution
Section 11-9-35 - Maximum amount of bonds-Maturity-Redemption-Bearer or registered-Denominations
Section 11-9-36 - Bonds payable only from special fund
Section 11-9-37 - Pledge of special fund to bonds-Restrictions on use of fund-Lien
Section 11-9-38 - Bonds to be negotiable and payable only from tax increment
Section 11-9-39 - Other security and marketability provisions
Section 11-9-39.1 - State pledge not to alter rights vested in bondholders until bonds fully discharged
Section 11-9-40 - Sale of bonds
Section 11-9-41 - Procedure for condemnation under power of eminent domain
Section 11-9-42 - Tax increments not to be used for residential structures
Section 11-9-43 - Performance bond required of purchaser or lessee of property
Section 11-9-44 - Notice to purchaser or lessee and surety of noncompliance with contract-Taking possession of work site
Section 11-9-45 - Disposition of funds remaining after payment of project costs and bonds
Section 11-9-46 - Termination of district
Section 11-9-47 - [Repealed]
Section 11-9-48 - Reports of tax increment financing districts published on department website