State Codes and Statutes

Statutes > South-dakota > Title-34 > Chapter-31a > Statute-34-31a-31

34-31A-31. Maximum indebtedness of district--Borrowing power. No district may incur debt greater than an amount equal to twenty times the annual maximum tax levy as authorized by § 34-31A-21. A district may borrow money and issue appropriate evidence of indebtedness within the limits authorized by this section.

Source: SL 1971, ch 208, § 8; SL 1983, ch 28, § 27; SL 1990, ch 277.

State Codes and Statutes

Statutes > South-dakota > Title-34 > Chapter-31a > Statute-34-31a-31

34-31A-31. Maximum indebtedness of district--Borrowing power. No district may incur debt greater than an amount equal to twenty times the annual maximum tax levy as authorized by § 34-31A-21. A district may borrow money and issue appropriate evidence of indebtedness within the limits authorized by this section.

Source: SL 1971, ch 208, § 8; SL 1983, ch 28, § 27; SL 1990, ch 277.