DC TAX AND DEBT LIMITATIONS (And Short-term Borrowing)

Adoption Date: 12/14/1976, Revised: 7/12/1988
D - FISCAL MANAGEMENT

 

The Board of Trustees has authority to enter into short-term debt when the financial needs of the district require such action. Legal restrictions shall be observed.

Bonded indebtedness may be incurred by the district, within the restrictions of law and state regulations, for purposes of capital expenditures.

 

 

Policy References:
DC

 

Policy Cross References:
 » DE - REVENUES FROM TAX SOURCES