South Carolina Statutes
§ 59-133-260 — Full faith and credit of State.
The faith and credit of the State must not be pledged for the payment of the principal and interest of such bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable therefor.
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South Carolina § 59-133-260 (Full faith and credit of State.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2008 Act No. 355, SECTION 8, eff June 25, 2008.
Nearby Sections
15
§ 59-133-10
Board of Trustees.§ 59-133-20
Compensation of board members.§ 59-133-210
Findings.§ 59-133-220
Definitions.§ 59-133-240
Authority to borrow; bonding limit.§ 59-133-260
Full faith and credit of State.§ 59-133-280
Tax exempt status.§ 59-133-290
Authority to invest in bonds.§ 59-133-30
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