South Carolina Statutes
§ 59-107-90 — Maximum amount of outstanding bonds.
South Carolina § 59-107-90
This text of South Carolina § 59-107-90 (Maximum amount of outstanding 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. § 59-107-90 (2026).
Text
The maximum amount of annual debt service on all outstanding state institution bonds for each state institution shall not exceed ninety percent of the sums received by such state institution from tuition fees for the preceding fiscal year, as provided in Section 13(6)(b) of Article X of the South Carolina Constitution.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1962 Code SECTION 22-29; 1953 (48) 169; 1957 (50) 404; 1961 (52) 476; 1966 (54) 2263; 1967 (55) 689; 1968 (55) 3049; 1976 Act No. 582, SECTION 2; 1979 Act No. 194, Part I, SECTION 8; 1995 Act No. 145, Part II, SECTION 109; 1998 Act No. 419, Part II, SECTION 56; 1999 Act No. 40, SECTION 1.
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 § 59-107-90, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/107/59-107-90.