South Carolina Statutes
§ 11-41-40 — Issuance of bonds pursuant to chapter.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 41 STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BOND ACT
To obtain funds for allocation to the department or to the State or agency, instrumentality, or political subdivision, as the case may be, for financing of infrastructure, there are issued from time to time state general obligation economic development bonds under the conditions prescribed by this chapter. Subject to Section 11-41-90(6), bonds for an economic development project may be issued in one or more series, pursuant to one or more notifications required by Section 11-41-70.
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Legislative History
HISTORY: 2002 Act No. 254, SECTION 1; 2005 Act No. 114, SECTION 3; 2013 Act No. 13, SECTION 5, eff April 23, 2013. Effect of Amendment The 2013 amendment added the last sentence, relating to Sections 11-41-70 and 11-41-90.
Nearby Sections
15
§ 11-41-10
Short title.§ 11-41-110
Bonds exempt from taxation.§ 11-41-130
Payment of principal and interest.§ 11-41-140
Sale of bonds.§ 11-41-160
Purchase by fiduciaries.§ 11-41-170
Expenditure of proceeds.§ 11-41-30
Definitions.§ 11-41-40
Issuance of bonds pursuant to chapter.