South Carolina Statutes
§ 31-13-280 — Liability of state and political subdivisions.
The notes, bonds or other obligations of the Authority shall not be a debt or grant or loan of credit of the State or any political subdivision thereof and neither the State nor any political subdivision thereof shall be liable thereon, nor shall they be payable out of any funds other than those of the Authority and all notes, bonds and other obligations issued pursuant to this chapter shall contain on the face thereof a statement to such effect.
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South Carolina § 31-13-280 (Liability of state and political subdivisions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1977 Act No. 76, SECTION 10.
Nearby Sections
15
§ 31-13-10
Short title.§ 31-13-170
Definitions.§ 31-13-200
Notes and bonds.§ 31-13-210
Maximum interest rate.§ 31-13-230
Maximum amount of bonds and notes.§ 31-13-240
Information required by Bond Committee.§ 31-13-250
Rental projects authorized.§ 31-13-260
Refunding notes and bonds.§ 31-13-290
Applicability of SECTION 31-3-1630.