South Carolina § 48-23-135 Authorization to borrow; amount and terms.

South Carolina Statutes

§ 48-23-135 — Authorization to borrow; amount and terms.

South Carolina § 48-23-135

Title 48ENVIRONMENTAL PROTECTION AND CONSERVATION

Ch. 23FORESTRY GENERALLY

This text of South Carolina § 48-23-135 (Authorization to borrow; amount and terms.) 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. § 48-23-135 (2026).

Text

In order to finance the cost of acquiring land for use as a second generation tree seed orchard, additional seedling production facilities, and field offices, the State Forestry Commission may borrow from one or more financial institutions or from whatever other source is appropriate not exceeding two million dollars for a period of time as needed, not exceeding twenty years, and upon the terms and conditions the commission, with the approval of the State Fiscal Accountability Authority, agrees upon.

Free access — add to your briefcase to read the full text and ask questions with AI

In order to finance the cost of acquiring land for use as a second generation tree seed orchard, additional seedling production facilities, and field offices, the State Forestry Commission may borrow from one or more financial institutions or from whatever other source is appropriate not exceeding two million dollars for a period of time as needed, not exceeding twenty years, and upon the terms and conditions the commission, with the approval of the State Fiscal Accountability Authority, agrees upon.

Legislative History

HISTORY: 1983 Act No. 66, SECTION 1; 1987 Act No. 170, Part II, SECTION 46; 1988 Act No. 658, Part II, SECTION 44. Code Commissioner's Note At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.