South Dakota Statutes
§ 34-11A-24 — Limitation on indebtedness--Power to borrow money.
No district may become indebted for an amount that is not payable from ten annual maximum tax levies as authorized by § 34-11A-19 . With the limits herein authorized, the district shall have power to borrow money at a rate not in excess of twelve percent and to issue appropriate evidence of indebtedness thereof.
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South Dakota § 34-11A-24 (Limitation on indebtedness--Power to borrow money.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1982, ch 259, § 26.
Nearby Sections
15
§ 34-1-1
§ 34-1-1§ 34-1-1.1
Department reorganized and continued.§ 34-1-15
§ 34-1-15§ 34-1-19
Repealed§ 34-1-2
, 34-1-2.1