Policy Code: DC

Adoption Date: Tuesday, September 26th, 2006

Review Date: Tuesday, March 24th, 2015

TAXING AND BORROWING

The district's taxing authority is established by state law.

The Board is permitted, by law, to borrow money in anticipation of collection of taxes for the purpose of securing funds for school operations. Issuance of all tax anticipation notes requires Board approval.

Issuance of General Obligation Bonds is also a function of the Board and must be done in conformance with federal and state laws.