South Carolina Statutes
§ 55-11-160 — Disposition of unpledged revenues.
All revenues derived by the commission from the operation of any revenue-producing facility which may not be required to discharge covenants made by it in issuing bonds, notes or other obligations authorized by Section 55-11-150, shall be held, disposed of or expended by the commission for purposes germane to the functions of the district.
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South Carolina § 55-11-160 (Disposition of unpledged revenues.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 2-320; 1959 (51) 101; 2012 Act No. 270, SECTION 5, eff June 18, 2012. Effect of Amendment The 2012 amendment made nonsubstantive changes.
Nearby Sections
15
§ 55-11-10
Powers of board of trustees.§ 55-11-140
Powers and duties of Commission.§ 55-11-150
Issuance of revenue bonds.§ 55-11-160
Disposition of unpledged revenues.§ 55-11-180
Property and income exempt from taxes.§ 55-11-190
Obligations not to be impaired.§ 55-11-200
Contributions by counties equalized.