South Carolina Statutes
§ 11-51-40 — Issuance of general obligation debt authorized; limitations.
To obtain funds for allocation to the research universities for the financing of research infrastructure projects, and for the other purposes set forth in Section 11-51-125, there may be issued general obligation debt pursuant to the conditions prescribed by this chapter; provided, however, that the amount of the general obligation debt issued pursuant to this chapter that may be outstanding at any one time shall not exceed two hundred fifty million dollars.
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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.