South Carolina Statutes
§ 11-49-90 — Power to incur debt.
South Carolina § 11-49-90
JurisdictionSouth Carolina
Title 11PUBLIC FINANCE
Ch. 49TOBACCO SETTLEMENT REVENUE MANAGEMENT AUTHORITY ACT
This text of South Carolina § 11-49-90 (Power to incur debt.) 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. § 11-49-90 (2026).
Text
The authority and the board have no power to incur debt or obligations or in any way to encumber their assets except by the issuance of bonds, including the making of covenants in relation to the issuing of bonds and notes in anticipation of the issuance of the bonds, and the incurring of expenses and obligations as authorized in Section 11-49-60.
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Legislative History
HISTORY: 2000 Act No. 387, Part II, SECTION 69A.2.
Nearby Sections
15
§ 11-49-10
Short title.§ 11-49-130
Excess tobacco receipts.§ 11-49-170
Chapter to be liberally construed.§ 11-49-20
Definitions.§ 11-49-70
Bonds.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-49-90, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/49/11-49-90.