South Carolina Statutes
§ 58-31-130 — Credit and taxing power of the State and its subdivisions shall not be involved; liability for payment of securities.
South Carolina § 58-31-130
JurisdictionSouth Carolina
Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS
Ch. 31PUBLIC SERVICE AUTHORITY
This text of South Carolina § 58-31-130 (Credit and taxing power of the State and its subdivisions shall not be involved; liability for payment of securities.) 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. § 58-31-130 (2026).
Text
Nothing contained in the provisions of this chapter shall, at any time or in any manner, involve the credit and taxing power of the State, or of any of its political subdivisions; nor shall any of the securities or other evidences of indebtedness authorized to be issued in and by this chapter ever be or constitute obligations of the State or of any of its political subdivisions; nor shall the State or any of its political subdivisions ever be liable or responsible, in any way, for the payment of the principal or interest of or on such security or other evidences of indebtedness.
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Legislative History
HISTORY: 1962 Code SECTION 59-11; 1952 Code SECTION 59-11; 1942 Code SECTION 8555-21; 1934 (38) 1507.
Nearby Sections
15
§ 58-31-100
Payment of additional sums in lieu of taxes.§ 58-31-110
Net earnings; disposition and use.§ 58-31-150
Amendments or repeal of chapter; effect.§ 58-31-190
Diversion of water from Santee River and its tributaries for use in operation of generating plant.§ 58-31-20
Board of directors; advisory board.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 58-31-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/31/58-31-130.