South Carolina Statutes
§ 59-130-300 — Repayment of bonds; bonds not obligations of state.
The bonds must be made payable solely from the revenues derived by the college from the operation of the building or equipment for which the bonds are issued or, in the discretion of the board of trustees of the college, from the revenues and also from any other revenues of the college except revenues derived from appropriations received from the General Assembly. The bonds are not obligations of the State.
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South Carolina § 59-130-300 (Repayment of bonds; bonds not obligations of state.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 350, SECTION 1. ARTICLE 5 College of Charleston Academic and Administrative Facilities Bond Act
Nearby Sections
15
§ 59-130-10
Board of trustees.§ 59-130-20
Compensation of board members.§ 59-130-210
"Equipment" defined.§ 59-130-220
Authority to issue revenue bonds.§ 59-130-240
Revenue bonds.§ 59-130-250
Bonds exempt from taxes.§ 59-130-260
Bonds to be signed.§ 59-130-270
Sale of bonds.§ 59-130-30
Powers of board.§ 59-130-35
Authorization to sell Remley's Point; use of certain appropriated funds; use of proceeds from sale.§ 59-130-40
Meetings of board.