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.