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 § 11-23-30

Title 11PUBLIC FINANCE

Ch. 23PLEDGE OF REVENUES TO SECURE PAYMENT OF BONDS

This text of South Carolina § 11-23-30 (Authority to apply revenues to payment of bonds.) 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. § 11-23-30 (2026).

Text

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.