South Carolina Statutes
§ 11-51-170 — Application of sale proceeds; liability of purchaser.
South Carolina § 11-51-170
JurisdictionSouth Carolina
Title 11PUBLIC FINANCE
Ch. 51SOUTH CAROLINA RESEARCH UNIVERSITY INFRASTRUCTURE ACT
This text of South Carolina § 11-51-170 (Application of sale proceeds; liability of purchaser.) 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. § 11-51-170 (2026).
Text
The proceeds of the sale of general obligation debt must be received by the State Treasurer and applied by him to the purposes for which issued, but the purchasers of the general obligation debt are in no way liable for the proper application of the proceeds to the purposes for which they are intended.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 2004 Act No. 187, SECTION 9.
Nearby Sections
15
§ 11-51-10
Short title.§ 11-51-110
Resolution by State Budget and Control Board authorizing issuance of general obligation debt.§ 11-51-120
Maturity, payment, and interest rates.§ 11-51-20
Legislative findings and purpose.§ 11-51-200
Construction of Chapter.§ 11-51-30
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-51-170, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/51/11-51-170.