South Carolina Statutes
§ 59-115-150 — Security for bonds.
Notwithstanding any other provision to the contrary herein, the Authority is hereby authorized to pledge as security for any bonds issued hereunder any contract between the Authority and the United States of America under which the United States agrees to make funds available to the Authority for any of the purposes of this chapter, to insure or guarantee the payment of principal of or interest on student loans, or otherwise to aid in promoting or facilitating student loans.
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South Carolina § 59-115-150 (Security for bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 22-96.14; 1971 (57) 775.
Nearby Sections
15
§ 59-115-10
Short title.§ 59-115-120
Rights of bondholders.§ 59-115-130
Bonds as negotiable instruments.§ 59-115-140
Bonds as legal investments.§ 59-115-150
Security for bonds.§ 59-115-170
Exemption of bonds from taxation.§ 59-115-180
Annual report of Authority; audit.§ 59-115-20
Definitions.§ 59-115-30
Function of Authority.§ 59-115-40
State Education Assistance Authority.§ 59-115-50
Powers of Authority.