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Administrative Regulation 705.01B

NEW CONSTRUCTION

Bonded Debt Limitations

The total bonded debt of the school district is limited to five percent of the total taxable assessed valuation.

The normal levy limit for the purpose of paying interest and principal on bonded debt is two dollars and seventy cents per thousand dollars of the assessed valuation of taxable property in the school district.

An increase in the levy for the purpose of paying interest and principal on bonded debt may be approved by the electorate, but not to exceed a maximum of four dollars and five cents per thousand dollars of the assessed valuation of the taxable property in the school district.

 

  • Reviewed 7/03
  • Updated 4/91
 
Davenport Community Schools
1606 Brady Street Davenport, IA 52803
(563) 336-5000 • FAX (563) 336-5080
feedback@davenportschools.org