South Carolina § 11-17-120 Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.

South Carolina Statutes

§ 11-17-120 — Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.

South Carolina § 11-17-120

Title 11PUBLIC FINANCE

Ch. 17BORROWING BY STATE, STATE AGENCIES, AND POLITICAL UNITS IN ANTICIPATION OF ISSUANCE OF BONDS

This text of South Carolina § 11-17-120 (Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.) 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. § 11-17-120 (2026).

Text

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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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.