South Carolina § 11-51-110 Resolution by State Budget and Control Board authorizing issuance of general obligation debt.

South Carolina Statutes

§ 11-51-110 — Resolution by State Budget and Control Board authorizing issuance of general obligation debt.

South Carolina § 11-51-110

Title 11PUBLIC FINANCE

Ch. 51SOUTH CAROLINA RESEARCH UNIVERSITY INFRASTRUCTURE ACT

This text of South Carolina § 11-51-110 (Resolution by State Budget and Control Board authorizing issuance of general obligation 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. § 11-51-110 (2026).

Text

To effect the issuance of general obligation debt, the state board shall adopt a resolution providing for the issuance of general obligation debt pursuant to the provisions of this chapter. The authorizing resolution must include:

(1)a schedule showing the aggregate principal amount of general obligation debt issued, the annual principal payments required to retire the general obligation debt, and the interest on the general obligation debt;

(2)the amount of general obligation debt proposed to be issued;

(3)a schedule showing future annual principal requirements and estimated annual interest requirements on the general obligation debt to be issued;

(4)a certificate evidencing that the provisions of Section 11-51-70 of this chapter have been or will be met; and (5) a certificate of the

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To effect the issuance of general obligation debt, the state board shall adopt a resolution providing for the issuance of general obligation debt pursuant to the provisions of this chapter. The authorizing resolution must include: (1) a schedule showing the aggregate principal amount of general obligation debt issued, the annual principal payments required to retire the general obligation debt, and the interest on the general obligation debt; (2) the amount of general obligation debt proposed to be issued; (3) a schedule showing future annual principal requirements and estimated annual interest requirements on the general obligation debt to be issued; (4) a certificate evidencing that the provisions of Section 11-51-70 of this chapter have been or will be met; and (5) a certificate of the State Auditor as to the general fund revenues of the State for the fiscal year next preceding, excluding revenues pledged to the payment of state highway bonds and state institution bonds.