South Carolina § 11-41-100 Bond maturity date and terms; determination of interest rate.

South Carolina Statutes

§ 11-41-100 — Bond maturity date and terms; determination of interest rate.

South Carolina § 11-41-100

Title 11PUBLIC FINANCE

Ch. 41STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BOND ACT

This text of South Carolina § 11-41-100 (Bond maturity date and terms; determination of interest rate.) 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. § 11-41-100 (2026).

Text

The bonds must bear the date and mature at the time that the resolution provides, except that a bond may not mature more than thirty years from its date of issue. The bonds may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the State Fiscal Accountability Authority before their issue. The bonds may bear interest payable at the times and at the rates determined by the State Fiscal Accountability Authority.

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The bonds must bear the date and mature at the time that the resolution provides, except that a bond may not mature more than thirty years from its date of issue. The bonds may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the State Fiscal Accountability Authority before their issue. The bonds may bear interest payable at the times and at the rates determined by the State Fiscal Accountability Authority.

Legislative History

HISTORY: 2002 Act No. 254, SECTION 1; 2014 Act No. 121 (S.22), Pt VII, SECTION 20.H.2, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 20.H.2, twice substituted "Fiscal Accountability Authority" for "Budget and Control Board".