South Carolina Statutes

§ 4-15-180 — Deposit and application of proceeds of sale of bonds.

South Carolina § 4-15-180
JurisdictionSouth Carolina
Title 4COUNTIES
Ch. 15COUNTY BONDS

This text of South Carolina § 4-15-180 (Deposit and application of proceeds of sale of bonds.) 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. § 4-15-180 (2026).

Text

The proceeds derived from the sale of any such bonds shall be deposited with the county treasurer in a special fund to the credit of the county and shall be applied solely to the purposes for which the bonds were issued, except that the premium, if any, shall be placed in the sinking fund established by Section 4-15-150 and the accrued interest, if any, shall be used to discharge in part the first interest to become due on such bonds.

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Legislative History

HISTORY: 1962 Code SECTION 14-528; 1952 Code SECTION 14-528; 1951 (47) 763.

Nearby Sections

15
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Bluebook (online)
South Carolina § 4-15-180, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/15/4-15-180.