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Statutes > South Dakota Laws > Title 34 - PUBLIC HEALTH AND SAFETY > Chapter 31A - Rural Fire Protection Districts > Section 34-31A-31 - Maximum indebtedness of district--Borrowing power.

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SOUTH DAKOTA STATUTES AND CODES

Section 34-31A-31 - Maximum indebtedness of district--Borrowing power.

34-31A-31. Maximum indebtedness of district--Borrowing power. 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.

Source: SL 1971, ch 208, § 8; SL 1983, ch 28, § 27; SL 1990, ch 277.

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