South Carolina Statutes
§ 48-5-90 — Authority authorized to pledge its revenues or funds to payment of bonds; other security for payment of bonds.
South Carolina·Title 48 ENVIRONMENTAL PROTECTION AND CONSERVATION·Ch. 5 SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY ACT
The authority may pledge its revenues or funds to the payment of its bonds, subject only to prior agreement with the holders of particular bonds which may have pledged specific money or revenue. Bonds may be secured by a pledge of a loan obligation owned by the authority, a grant, contribution, or guaranty from the United States, the State, or a corporation, association, institution or person, other property or assets of the authority, or a pledge of money, income, or revenue of the authority from any source.
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South Carolina § 48-5-90 (Authority authorized to pledge its revenues or funds to payment of bonds; other security for payment of bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 513, SECTION 3.
Nearby Sections
15
§ 48-5-10
Short title.§ 48-5-160
Annual report by the authority.§ 48-5-170
Failure of project sponsor to make payment to authority; section not applicable to certain counties.§ 48-5-190
Severability.§ 48-5-20
Definitions.§ 48-5-40
Powers of authority.