South Carolina Statutes
§ 31-7-50 — Application of proceeds.
South Carolina § 31-7-50
JurisdictionSouth Carolina
Title 31HOUSING AND REDEVELOPMENT
Ch. 7TAX INCREMENT FINANCING FOR COUNTIES
This text of South Carolina § 31-7-50 (Application of proceeds.) 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. § 31-7-50 (2026).
Text
The proceeds from obligations issued under authority of this chapter must be applied only for the purpose for which they were issued. Any premium and accrued interest received in any such sale must be applied to the payment of the principal of or the interest on the obligations sold. Any portion of the proceeds not needed for redevelopment project costs must be applied to the payment of the principal of or the interest on the obligations.
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Legislative History
HISTORY: 1999 Act No. 109, SECTION 1.
Nearby Sections
15
§ 31-7-10
Short title.§ 31-7-110
Revenues and grants; county powers.§ 31-7-120
Intergovernmental agreements.§ 31-7-25
Additional findings.§ 31-7-30
Definitions.§ 31-7-50
Application of proceeds.§ 31-7-60
State tax exemptions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 31-7-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/7/31-7-50.