§ 980-k. Tax and debt limitations. (a) The aggregate amount of
outstanding indebtedness that is incurred to provide funds for capital
improvements pursuant to this article shall be chargeable against the
municipality's constitutional debt limit and may not exceed ten percent
of the amount allowable under that limit. The aggregate amount of
outstanding indebtedness that is incurred to provide funds for capital
improvements pursuant to this article and that is chargeable against the
property within the district may not exceed seven percent of the average
full valuation of taxable real property in the district.

(b) The district charge, exclusive of debt service, levied in a given
year against real property in a district may not exceed twenty percent
of the total general municipal taxes levied in that year against the
taxable real property in the district. The district charge so levied
shall be included in the total amount, if any, that the municipality is
permitted by law to raise in that year by a tax on real property.