South Carolina Statutes
§ 59-131-30 — Bonds payable solely from revenues of parking facilities.
All bonds issued pursuant to this chapter are payable from the revenues derived from all parking facilities which the board of trustees for the College of Charleston may possess at the college, including parking facilities on property leased to the State under the terms and conditions of an agreement described in Section 59-131-10(a), and the revenues must be pledged to the payment of the principal and interest of the bonds in the manner provided in this chapter. The board may, in its discretion, determine with respect to each parking facility to pledge either the entire revenues derived from the parking facility or the revenues derived from the parking facility remaining after defraying the cost of operation and maintenance of the parking facility. In the issuance of the bonds, the truste
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South Carolina § 59-131-30 (Bonds payable solely from revenues of parking facilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1975 (59) 75; 1981 Act No. 26, SECTION 4; 1988 Act No. 510, SECTION 9.
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.