§ 3741 — School construction; debt service; taxation

A school district that issues bonded debt to pay for capital construction costs is authorized under the provisions of sections 428 and 511 of this title to levy ad valorem taxes on the grand list to pay for debt service as it becomes due and payable and shall do so unless otherwise payable from other sources. (Amended 1997, No. 71 (Adj. Sess.), § 89, eff. March 11, 1998; 2013, No. 92 (Adj. Sess.), § 225, eff. Feb. 14, 2014.)