South Carolina § 11-41-40 Issuance of bonds pursuant to chapter.

South Carolina Statutes

§ 11-41-40 — Issuance of bonds pursuant to chapter.

South Carolina § 11-41-40

Title 11PUBLIC FINANCE

Ch. 41STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BOND ACT

This text of South Carolina § 11-41-40 (Issuance of bonds pursuant to chapter.) 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. § 11-41-40 (2026).

Text

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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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.

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.