South Carolina § 48-5-90 Authority authorized to pledge its revenues or funds to payment of bonds; other security for payment of bonds.

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 § 48-5-90

Title 48ENVIRONMENTAL PROTECTION AND CONSERVATION

Ch. 5SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY ACT

This text of South Carolina § 48-5-90 (Authority authorized to pledge its revenues or funds to payment of bonds; other security for payment of bonds.) 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. § 48-5-90 (2026).

Text

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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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.