Statutes > South Dakota Statutes > Title 13 - EDUCATION > Chapter 19 - School District Bonds And Notes > Section 13-19-8 - Constitutional debt limit to be observed.

Section 13-19-8 - Constitutional debt limit to be observed.

13-19-8. Constitutional debt limit to be observed. No school district shall issue bonds in an amount which with the outstanding indebtedness of the district shall exceed the constitutional debt limitation for school districts.

Source: SDC 1939, § 15.2207; SL 1955, ch 41, ch 10, § 18; SDC Supp 1960, § 15.2218; SL 1968, ch 43, § 1.