South Carolina Statutes
§ 59-107-100 — Full faith, credit, and taxing power of State pledged to pay bonds.
South Carolina § 59-107-100
This text of South Carolina § 59-107-100 (Full faith, credit, and taxing power of State pledged to pay bonds.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-107-100 (2026).
Text
For the payment of the principal and interest on all state institution bonds, whose issuance is authorized by this chapter, there shall be pledged the full faith, credit, and taxing power of the State, and in addition, the revenues derived from the tuition fees received by the particular institution of higher learning for which such state institution bonds are issued must also be pledged.
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Legislative History
HISTORY: 1962 Code SECTION 22-30; 1953 (48) 169; 1991 Act No. 65, SECTION 5.
Nearby Sections
15
§ 59-107-110
Negotiability and registration.§ 59-107-140
Bonds exempt from taxes.§ 59-107-150
Bonds as legal investments.§ 59-107-160
Sale of bonds.§ 59-107-170
Deposit and use of proceeds of bonds.§ 59-107-20
Tuition fees required at state institutions.§ 59-107-200
Defeasance of bonds; trust fund established.§ 59-107-30
Remittance and application of tuition fees.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-107-100, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/107/59-107-100.