South Carolina Statutes
§ 4-19-100 — Interest on bonds.
Bonds issued pursuant to this chapter shall bear interest at a rate or rates determined by the governing body, not in excess of that permitted by the general law of the State prescribing limitations upon the rate of interest borne by obligations of the State and its political subdivisions, which interest may be payable at such intervals as the governing body may prescribe.
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Legislative History
HISTORY: 1962 Code SECTION 14-700.209; 1974 (58) 2681; 1984 Act No. 408, SECTION 2.
Nearby Sections
15
§ 4-19-10
Powers of governing body generally.§ 4-19-100
Interest on bonds.§ 4-19-110
Execution of bonds.§ 4-19-120
Advertisement and sale of bonds.§ 4-19-150
Bonds exempt from taxation.§ 4-19-180
No time limit set for issuance of bonds.