South Carolina Statutes
§ 55-11-690 — Obligations not to be impaired.
For the period the district is indebted to a person on any bonds, notes, or other obligations issued pursuant to the provisions of this article, the powers granted to the district and the authority may not be diminished. The provisions of this article are considered a part of the contract between the district and the holders of the obligations.
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Legislative History
HISTORY: 1990 Act No. 545, SECTION 3; 1998 Act No. 365, SECTION 1, eff June 10, 1998; 2012 Act No. 270, SECTION 5, eff June 18, 2012. Effect of Amendment The 1998 amendment reprinted this section with no apparent change. The 2012 amendment made no apparent 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.