South Carolina § 11-23-30 Authority to apply revenues to payment of bonds.

South Carolina Statutes

§ 11-23-30 — Authority to apply revenues to payment of bonds.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 23 PLEDGE OF REVENUES TO SECURE PAYMENT OF BONDS

The governing body of any political subdivision or public body of this State including, but not limited to, those set forth in SECTION 11-23-10, which has issued or may hereafter issue general obligation bonds, the proceeds of which have been or may be used to finance the construction of projects which are or will be revenue producing, may apply the revenues derived from such projects, and not otherwise pledged, to the payment of principal and interest to become due on such bonds.

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The governing body of any political subdivision or public body of this State including, but not limited to, those set forth in SECTION 11-23-10, which has issued or may hereafter issue general obligation bonds, the proceeds of which have been or may be used to finance the construction of projects which are or will be revenue producing, may apply the revenues derived from such projects, and not otherwise pledged, to the payment of principal and interest to become due on such bonds.

South Carolina § 11-23-30 (Authority to apply revenues to payment of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.