34-31A-23. Tax levy not to exceed estimates of expenses.
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/sd/title-34/chapter-34-31/34-31a-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In no case shall the amount of tax levy exceed the amount of funds required to defray the expenses of the district for a period of one year as embraced in the annual estimate of expenses including the amount of principal and interest upon the indebtedness of the district for the ensuing year.