South Carolina Statutes
§ 57-11-390 — Application of proceeds to purposes for which bonds issued.
The proceeds derived from the sale of state highway bonds shall be applied only to the purposes set forth in the resolution of the State Fiscal Accountability Authority pursuant to which the bonds are issued.
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South Carolina § 57-11-390 (Application of proceeds to purposes for which bonds issued.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 33-280.9; 1972 (57) 3088; 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.