South Carolina Statutes
§ 59-107-70 — Governor and State Treasurer empowered to authorize issuance of bonds.
It shall be the duty of the Governor and the State Treasurer to examine the request mentioned in Section 59-107-60, and if they shall jointly approve it, and, for themselves, determine that the schedule of tuition fees in force at such state institution will, upon the basis of the sum received by such state institution from tuition fees for the fiscal year preceding the fiscal year in which the application made pursuant to Section 59-107-40, produce funds sufficient to meet the principal and interest requirements on the proposed bonds and on all outstanding state institution bonds issued for such state institution, and provide the margin for such principal and interest requirements to the extent required by paragraph (3) of Section 59-107-50, they shall be empowered to provide for the issu
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South Carolina § 59-107-70 (Governor and State Treasurer empowered to authorize issuance of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 22-27; 1953 (48) 169; 1966 (54) 2263; 1991 Act No. 65, SECTION 4.
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.