Speed limits; established by local authority.

Establishment of speed limits; local authority. Authorizes localities to reduce speed limits on any highway in thelocality, provided that such speed limit is indicated by lawfullyplaced signs. Current law authorizes localities to reduce the speedlimit to less than 25 miles per hour, but not less than 15 milesper hour, on highways within its boundaries that are located in abusiness district or residence district, provided that such reducedspeed limit is indicated by lawfully placed signs.