Statutes > South Dakota Statutes > Title 6 - LOCAL GOVERNMENT GENERALLY > Chapter 08B - Bonds of Local Public Bodies > Section 6-8B-36 - Maximum aggregate indebtedness of issuer.

Section 6-8B-36 - Maximum aggregate indebtedness of issuer.

6-8B-36. Maximum aggregate indebtedness of issuer. No refunding bond may cause a public bodies' aggregate amount of indebtedness to exceed the maximum allowable constitutional or statutory provisions, if any, applicable to the public body.

Source: SL 1974, ch 54, § 7; SDCL Supp, § 6-8A-9; SL 1984, ch 43, § 31.