South Carolina Statutes
§ 11-19-70 — Application of proceeds of obligations.
South Carolina § 11-19-70
This text of South Carolina § 11-19-70 (Application of proceeds of obligations.) 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. § 11-19-70 (2026).
Text
It shall be the duty of the governing body to apply the proceeds of any obligations issued pursuant to this chapter to the cost of the construction of the project for which the grant is to be made, but no purchaser of any obligations shall be liable for the proper application of the proceeds.
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Legislative History
HISTORY: 1962 Code SECTION 1-641.6; 1971 (57) 902.
Nearby Sections
8
§ 11-19-10
Definitions.§ 11-19-30
Maximum amount.§ 11-19-40
Manner of issuing obligations.§ 11-19-70
Application of proceeds of obligations.§ 11-19-80
Tax exempt status of obligations.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-19-70, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/19/11-19-70.