South Carolina § 48-23-230 Liability of State for commission's obligations; source of funds for repayment.

South Carolina Statutes

§ 48-23-230 — Liability of State for commission's obligations; source of funds for repayment.

South Carolina § 48-23-230

Title 48ENVIRONMENTAL PROTECTION AND CONSERVATION

Ch. 23FORESTRY GENERALLY

This text of South Carolina § 48-23-230 (Liability of State for commission's obligations; source of funds for repayment.) 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. § 48-23-230 (2026).

Text

The State is in no manner liable for any debt incurred under the terms of SECTION 48-23-220 but all such obligations shall be met by the State Forestry Commission out of moneys coming into its hands from the property pledged and at least fifty per cent of its income from sales, issues, rents, profits and leases shall be applied annually to the payment of principal and interest due on any such loan.

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The State is in no manner liable for any debt incurred under the terms of SECTION 48-23-220 but all such obligations shall be met by the State Forestry Commission out of moneys coming into its hands from the property pledged and at least fifty per cent of its income from sales, issues, rents, profits and leases shall be applied annually to the payment of principal and interest due on any such loan.