Home/South Carolina/Statutes/Title 4: COUNTIES/Ch. 29: INDUSTRIAL DEVELOPMENT PROJECTS/§ 4-29-120
South Carolina Statutes

§ 4-29-120 — Bonds deemed to be legal investments.

South Carolina·Title 4 COUNTIES·Ch. 29 INDUSTRIAL DEVELOPMENT PROJECTS
It shall be lawful for all executors, administrators, guardians, committees and other fiduciaries to invest any moneys in their hands in bonds issued under the provisions of this chapter.

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South Carolina § 4-29-120 (Bonds deemed to be legal investments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 14-399.32; 1967 (55) 120; 1980 Act No. 518, SECTION 10B.

Nearby Sections

15
§ 4-29-10
Definitions.
§ 4-29-100
Payments from county or municipal general funds prohibited; use of lands owned by county or municipality; donations of property or money.
§ 4-29-110
Refunding bonds.
§ 4-29-120
Bonds deemed to be legal investments.
§ 4-29-130
Bonds, income from bonds, security agreements, financing agreements, and projects exempt from certain taxes.
§ 4-29-140
Fiscal Accountability Authority shall approve proposal of governing board; petition shall be filed; investigation; notice of approval; challenging validity of approval.
§ 4-29-150
Chapter provisions are cumulative; governing board may act at regular or special meeting without notice of proceedings.
§ 4-29-20
Powers of counties and incorporated municipalities in connection with projects; joint acquisition of projects located in more than one county; authority to issue revenue bonds for certain purposes.
§ 4-29-30
Bonds payable solely from project revenues; bonds are not county or municipal debt; execution, form, delivery, conditions, and sale of bonds; bond anticipation notes.
§ 4-29-40
Security for payment of bonds; pledge of revenues and financing agreement; procedures upon default.
§ 4-29-50
Contracts for construction of projects.
§ 4-29-60
Findings necessary prior to undertaking projects; required provisions in financing agreements.
§ 4-29-65
Requirement of feasibility report.
§ 4-29-67
Industrial development projects requiring a fee in lieu of property taxes; definitions.
§ 4-29-68
Special source revenue bonds.
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