South Carolina Statutes
§ 11-17-90 — Application of proceeds of notes.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 17 BORROWING BY STATE, STATE AGENCIES, AND POLITICAL UNITS IN ANTICIPATION OF ISSUANCE OF BONDS
It shall be the duty of the governing body to apply the proceeds of any notes issued pursuant to this chapter to the purpose for which bonds are to be issued, but no purchaser of any notes shall be liable for the proper application of the proceeds.
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South Carolina § 11-17-90 (Application of proceeds of notes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 1-627; 1965 (54) 150.
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.