South Carolina Statutes
§ 55-11-360 — Revenues.
All revenues derived by the commission from the operation of any revenue-producing facility which may not be required to operate, maintain, enlarge and improve its airport facilities, or to pay obligations incurred in the issuance of any revenue bonds sold pursuant to the authorizations of item (19), Section 55-11-340, shall be paid over to the State Treasurer, and held by him for the payment of interest and principal of general obligation bonds of the district.
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Legislative History
HISTORY: 1962 Code SECTION 2-390.17; 1961 (52) 53; 1962 (52) 1660; 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.