There is a newer version of the South Dakota Codified Laws
2016 South Dakota Codified Laws
Title 34 - PUBLIC HEALTH AND SAFETY
Chapter 31A - Rural Fire Protection Districts
§ 34-31A-31 Maximum indebtedness of district--Borrowing power.
SD Codified L § 34-31A-31 (2016) What's This?
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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