South Carolina § 11-15-470 Maturities.

South Carolina Statutes

§ 11-15-470 — Maturities.

South Carolina § 11-15-470

Title 11PUBLIC FINANCE

Ch. 15BONDS OF POLITICAL SUBDIVISIONS

This text of South Carolina § 11-15-470 (Maturities.) 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. § 11-15-470 (2026).

Text

Such refunding bonds shall mature in such annual series or installments, equal or unequal in amount, as the governing body shall provide, except that:

(1)The first maturing bonds shall mature within five years from the date as of which they are issued;

(2)Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.

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Such refunding bonds shall mature in such annual series or installments, equal or unequal in amount, as the governing body shall provide, except that: (1) The first maturing bonds shall mature within five years from the date as of which they are issued; (2) Not less than two per cent of the aggregate of the issue shall mature in any year; and (3) No bonds shall mature later than forty years from the date as of which they are issued.