46A-18-53. Warrants issued in anticipation of tax or special assessment collections.
66 words·~1 min read·
/sd/title-46/chapter-46-18/46a-18-53A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no - fund warrants to pay district obligations. However, the outstanding amounts of such no - fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district.