South Carolina § 11-40-100 Authority to pledge revenues, funds, or loan obligations to secure bonds.

South Carolina Statutes

§ 11-40-100 — Authority to pledge revenues, funds, or loan obligations to secure bonds.

South Carolina § 11-40-100

Title 11PUBLIC FINANCE

Ch. 40SOUTH CAROLINA INFRASTRUCTURE FACILITIES AUTHORITY ACT

This text of South Carolina § 11-40-100 (Authority to pledge revenues, funds, or loan obligations to secure 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. § 11-40-100 (2026).

Text

The authority may pledge any of its revenues or funds to the payment of its bonds, subject only to prior agreement with the holders of particular bonds which may have pledged specific money or revenue. Bonds may be secured by a pledge of any loan obligation owned by the authority, any grant, contribution, or guaranty from the United States, the State, or a corporation, association, institution or person, other property or assets of the authority, or a pledge of any money, income, or revenue of the authority from any source.

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The authority may pledge any of its revenues or funds to the payment of its bonds, subject only to prior agreement with the holders of particular bonds which may have pledged specific money or revenue. Bonds may be secured by a pledge of any loan obligation owned by the authority, any grant, contribution, or guaranty from the United States, the State, or a corporation, association, institution or person, other property or assets of the authority, or a pledge of any money, income, or revenue of the authority from any source.