South Carolina Statutes
§ 11-17-120 — Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 17 BORROWING BY STATE, STATE AGENCIES, AND POLITICAL UNITS IN ANTICIPATION OF ISSUANCE OF BONDS
Whenever, after the issuance of general obligation bond anticipation notes, it becomes necessary to determine whether or not general obligation bonds issued to provide funds with which to pay such notes (or any notes refunding such notes) have been issued within any time limitation prescribed therefor or in obedience to any condition imposed by law, the date of the issuance of the original notes shall be used for the purposes of such determination.
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South Carolina § 11-17-120 (Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1981 Act No. 3, SECTION 1.
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.