South Carolina Statutes
§ 57-11-270 — Revision of taxes included in sources of revenue.
The pledge of monies derived from the sources of revenue shall not preclude the General Assembly from revising the quantum of any tax included in the sources of revenue except that, so long as any state highway bonds shall be outstanding, the sources of revenue shall be not less than the amount needed to fund the general operations budget of the department and debt service requirements for annual principal and interest payments on state highway bonds.
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South Carolina § 57-11-270 (Revision of taxes included in sources of revenue.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 33-277; 1972 (57) 3088; 1973 (58) 36; 1993 Act No. 181, SECTION 1524.
Nearby Sections
15
§ 57-11-210
Definitions.§ 57-11-235
Issuance of highway bonds.§ 57-11-250
Pledge for payment of bonds.§ 57-11-280
Bond resolution.§ 57-11-330
Interest on bonds; maturity.§ 57-11-340
Exemption of bonds from taxation.§ 57-11-360
Sale of bonds.