South Carolina Statutes
§ 59-131-25 — Use of proceeds of bonds.
The proceeds of bonds issued pursuant to this chapter shall be deposited with the State Treasurer and used to defray all or a part of the cost of acquiring and constructing the parking facilities authorized in this chapter and to defray the cost of issuing such bonds.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 59-131-25 (Use of proceeds of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1981 Act No. 26, SECTION 3.
Nearby Sections
13
§ 59-131-10
Parking facilities authorized.§ 59-131-100
Sales of bonds.§ 59-131-110
Securing payment of bonds.§ 59-131-120
No time limit on issuance of bonds.§ 59-131-20
Bond issue authorized upon approval.§ 59-131-25
Use of proceeds of bonds.§ 59-131-50
Provisions of resolution concerning bonds.§ 59-131-60
Negotiability and registration.§ 59-131-70
Tax exemption status.§ 59-131-80
Bonds as lawful investments.§ 59-131-90
Execution of bonds.