S.D. Codified Laws § 34-11A-24
Current through the 2024 Legislative Session
No district may become indebted for an amount that is not payable from ten annual maximum tax levies as authorized by § 34-11A-19. With the limits herein authorized, the district shall have power to borrow money at a rate not in excess of twelve percent and to issue appropriate evidence of indebtedness thereof.
SDCL 34-11A-24