South Carolina Statutes
§ 11-43-540 — Limitations; review by Joint Bond Review Committee; payment of principal and interest.
South Carolina § 11-43-540
JurisdictionSouth Carolina
Title 11PUBLIC FINANCE
Ch. 43SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK ACT
This text of South Carolina § 11-43-540 (Limitations; review by Joint Bond Review Committee; payment of principal and interest.) 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. § 11-43-540 (2026).
Text
The issuance of transportation infrastructure bonds is subject to the limitations contained in Section 13(6)(c), Article X of the Constitution of this State. Within such limitations, transportation infrastructure bonds may be issued for qualified projects or to refund transportation infrastructure bonds from time to time under the conditions prescribed by this article. The review and approval of the Joint Bond Review Committee must be obtained prior to the issuance of any transportation infrastructure bonds. No transportation infrastructure bonds may be issued unless the board has a source of revenues to pay the principal and interest on the bonds.
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Legislative History
HISTORY: 1997 Act No. 148, SECTION 2; 2004 Act No. 184, SECTION 11.
Nearby Sections
15
§ 11-43-110
Short title.§ 11-43-130
Definitions.§ 11-43-150
Powers of bank; limitations.§ 11-43-165
Repealed.§ 11-43-200
Exemption from taxes or assessments.§ 11-43-220
Liability.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-43-540, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/11-43-540.