South Carolina Statutes
§ 59-136-390 — Sources of payments of bonds; bonds not obligations of state.
The bonds must be made payable solely from the revenues derived by the university 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 university, from the revenues and also from any other revenues of the university except revenues derived from appropriations received from the General Assembly. The bonds are not obligations of the State.
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South Carolina § 59-136-390 (Sources of payments of bonds; bonds not obligations of state.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1993 Act No. 69, SECTION 1. ARTICLE 5 Transitional Provisions
Nearby Sections
15
§ 59-136-100
Establishment.§ 59-136-110
Board of trustees.§ 59-136-120
Trustees; subsistence, per diem, and mileage.§ 59-136-140
Meetings of board.§ 59-136-300
Equipment defined.§ 59-136-310
Authority to issue revenue bonds.§ 59-136-330
Particulars of bonds; must be negotiable.§ 59-136-340
Tax exempt status.§ 59-136-350
Signature on bonds and coupons.§ 59-136-360
Sale of bonds.