South Carolina Statutes
§ 59-123-240 — Credit of state not to be pledged; trustees not liable on bonds.
South Carolina § 59-123-240
This text of South Carolina § 59-123-240 (Credit of state not to be pledged; trustees not liable on bonds.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-123-240 (2026).
Text
The faith and credit of the State of South Carolina shall not be pledged for the payment of the principal and interest of such bonds, and there shall be on the face of each bond a statement plainly worded, to that effect. Neither the trustees nor any other person signing the bonds shall be personally liable therefor.
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Legislative History
HISTORY: 1982 Act No. 392, SECTION 5.
Nearby Sections
15
§ 59-123-10
Change of name; programs limited to health area; new programs and organizational changes.§ 59-123-100
Rules governing admissions not changed.§ 59-123-110
College of Dental Medicine established.§ 59-123-20
Acceptance of transfer of property.§ 59-123-210
Additional student and faculty housing authorized from bond proceeds; refunding authorized.§ 59-123-220
Trustees authorized to issue revenue bonds; limitation; refunding; use of proceeds and facilities.§ 59-123-230
Bonds payable from net housing revenues.§ 59-123-260
Form of bonds.§ 59-123-270
Bonds and interest tax exempt.§ 59-123-290
Execution of bonds.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-123-240, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/123/59-123-240.