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.
Maximum aggregate indebtedness of issuer
SDCL § 6-8B-36 — under BONDS OF LOCAL PUBLIC BODIES.
SDCL § 6-8B-36