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 .
Maximum indebtedness of district--Borrowing power
SDCL § 34-31A-31, under RURAL FIRE PROTECTION DISTRICTS.
SDCL § 34-31A-31