South Dakota Codified Laws 34-31A-31. Maximum indebtedness of district–Borrowing power
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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.
Terms Used In South Dakota Codified Laws 34-31A-31
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Source: SL 1971, ch 208, § 8; SL 1983, ch 28, § 27; SL 1990, ch 277.