South Carolina Statutes
§ 6-25-120 — Repayment of notes, obligations, or bonds.
South Carolina § 6-25-120
JurisdictionSouth Carolina
Title 6LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS
Ch. 25JOINT AUTHORITY WATER AND SEWER SYSTEMS ACT
This text of South Carolina § 6-25-120 (Repayment of notes, obligations, or 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. § 6-25-120 (2026).
Text
A joint system may not pledge the full faith, credit, or taxing power of its members when borrowing money or issuing a bond, note, or other obligation. Only revenues and other funds available to the joint system may be used to pay or pledged to the repayment of any notes, obligations, or bonds.
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Legislative History
HISTORY: 1983 Act No. 82, SECTION 2; 1997 Act No. 74, SECTION 7; 1999 Act No. 113, SECTION 15; 2007 Act No. 59, SECTION 1, eff June 6, 2007. Effect of Amendment The 2007 amendment rewrote this section.
Nearby Sections
15
§ 6-25-10
Short title.§ 6-25-100
Powers of joint system.§ 6-25-114
Issuance of refunding bonds.§ 6-25-115
Financing pools and construction notes.§ 6-25-125
Charges for services; pledges.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 6-25-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/25/6-25-120.