South Carolina Statutes
§ 59-146-120 — Payment of principal and interest.
South Carolina § 59-146-120
This text of South Carolina § 59-146-120 (Payment of principal and interest.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-146-120 (2026).
Text
For the payment of the principal and interest on all state school facilities bonds issued and outstanding pursuant to this chapter there is pledged the full faith, credit, and taxing power of the State of South Carolina, and in accordance with the provisions of paragraph (4) of Section 13 of Article X of the South Carolina Constitution, the General Assembly hereby allocates on an annual basis sufficient tax revenues to provide for the punctual payment of the principal and interest on the debt authorized by this chapter.
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Legislative History
HISTORY: 1999 Act No. 28, SECTION 1.
Nearby Sections
15
§ 59-146-10
Short title.§ 59-146-100
Tax exemption of state school facilities bonds.§ 59-146-120
Payment of principal and interest.§ 59-146-130
Sale of state school facilities bonds.§ 59-146-170
Responsibilities and duties of State Department of Education and State Board of Education.§ 59-146-180
Qualification of school districts for funds.§ 59-146-30
Definitions.§ 59-146-40
School facilities bonds.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-146-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/146/59-146-120.