34-31A-31. Maximum indebtedness of district--Borrowing power.
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/sd/title-34/chapter-34-31/34-31a-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.