South Carolina § 11-51-40 Issuance of general obligation debt authorized; limitations.

South Carolina Statutes

§ 11-51-40 — Issuance of general obligation debt authorized; limitations.

South Carolina § 11-51-40

Title 11PUBLIC FINANCE

Ch. 51SOUTH CAROLINA RESEARCH UNIVERSITY INFRASTRUCTURE ACT

This text of South Carolina § 11-51-40 (Issuance of general obligation debt authorized; limitations.) 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. § 11-51-40 (2026).

Text

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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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.