13-19-7. Bonding power of school districts--Purposes for which bonds authorized.
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/sd/title-13/chapter-13-19/13-19-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All school districts are authorized and empowered to issue negotiable bonds for the following purposes only: to refund any bonded indebtedness which is or is about to become due and payable, or whenever such indebtedness can be refunded at a lower rate of interest; to fund any judgments or outstanding warrants, and to raise money for any purpose for which the school board is authorized to spend school district funds.