South Carolina Statutes
§ 11-17-10 — Definitions.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 17 BORROWING BY STATE, STATE AGENCIES, AND POLITICAL UNITS IN ANTICIPATION OF ISSUANCE OF BONDS
(a)The term "bonds" shall mean general obligation bonds payable from ad valorem taxes, general obligation bonds additionally secured by any pledge of any assessments, or any pledge of revenues derived by the borrower from any revenue-producing facility, bonds payable solely from the revenues of any revenue-producing facility, and bonds payable solely from any assessments. The term "bonds" shall also include state highway bonds as defined pursuant to the provisions of item (10) of Section 57-11-210, as amended.
(b)The term "borrower" shall mean the State, any agency, department or institution of the State, any county, any incorporated city or town, any school district, any special purpose district, and all other political units now existing or hereafter created, which are appropriately au
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South Carolina § 11-17-10 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 1-621; 1965 (54) 150; 1993 Act No. 181, SECTION 92.
Nearby Sections
12
§ 11-17-10
Definitions.§ 11-17-110
Tax exempt status of notes.§ 11-17-30
Use of other funds for payment of notes.§ 11-17-40
Manner of issuing notes.§ 11-17-90
Application of proceeds of notes.