This bill mandates that municipalities in South Dakota must obtain approval from the county board of commissioners before establishing a tax increment financing district. Specifically, the bill introduces a new section to chapter 11-9, stating that no municipality can create such a district unless the board of county commissioners of each county, where the district is located either in whole or in part, has consented to its creation through a formal resolution.

This requirement aims to ensure that local county authorities have a say in the establishment of tax increment financing districts, potentially enhancing collaboration between municipalities and counties in financial planning and development initiatives.