Warrants issued in anticipation of tax or special assessment collections

Following a favorable vote as provided in § 46A-18-45 and in anticipation of tax or special assessment collections, the directors may issue no - fund warrants to pay district obligations. However, the outstanding amounts of such no - fund warrants may not exceed the product of one dollar per thousand dollars of taxable valuation times the assessed valuation of the taxable real property within the district. Source: SL 1984, ch 293 , § 52; SL 1990, ch 366 , § 14. 46A-18-54. Repealed by SL 1990, ch 366 , § 15