South Carolina § 11-51-120 Maturity, payment, and interest rates.

South Carolina Statutes

§ 11-51-120 — Maturity, payment, and interest rates.

South Carolina § 11-51-120

Title 11PUBLIC FINANCE

Ch. 51SOUTH CAROLINA RESEARCH UNIVERSITY INFRASTRUCTURE ACT

This text of South Carolina § 11-51-120 (Maturity, payment, and interest rates.) 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. § 11-51-120 (2026).

Text

The general obligation debt must bear the date and mature at the time that the state board resolution provides, except that the general obligation debt may not mature more than thirty years from its date of issue. The general obligation debt may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the state board before its issue. The general obligation debt may bear interest payable at the times and at the rates determined by the state board.

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The general obligation debt must bear the date and mature at the time that the state board resolution provides, except that the general obligation debt may not mature more than thirty years from its date of issue. The general obligation debt may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the state board before its issue. The general obligation debt may bear interest payable at the times and at the rates determined by the state board.