South Dakota Statutes
§ 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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 34-31A-31 (Maximum indebtedness of district--Borrowing power.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1971, ch 208, § 8; SL 1983, ch 28, § 27; SL 1990, ch 277.
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Repealed§ 34-1-2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