South Carolina Statutes
§ 44-7-1550 — Use of proceeds from sale of bonds.
South Carolina § 44-7-1550
JurisdictionSouth Carolina
Title 44HEALTH
Ch. 7HOSPITALS, TUBERCULOSIS CAMPS, AND HEALTH SERVICES DISTRICTS
This text of South Carolina § 44-7-1550 (Use of proceeds from sale of bonds.) 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. § 44-7-1550 (2026).
Text
The proceeds from the sale of any bonds issued under authority of this article shall be applied only for the purpose for which the bonds were issued; provided, however, that any premium and accrued interest received in any such sale shall be applied to the payment of the principal of or the interest on the bonds sold; and provided, further, that if for any reason any portion of the proceeds shall not be needed for the purpose for which the bonds were issued, such unneeded portion of the proceeds shall be applied to the payment of the principal of or interest on the bonds.
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Legislative History
HISTORY: 1962 Code SECTION 32-798.14; 1973 (58) 654.
Nearby Sections
15
§ 44-7-1000
Proceeds of bond issue.§ 44-7-1010
Payment of bonds; annual tax.§ 44-7-1020
Acquisition of property; memorials.§ 44-7-1070
Persons who may be patients.§ 44-7-110
Short title.§ 44-7-1100
Tax levy by adjoining county.§ 44-7-1110
Cancellation of contributing agreement.§ 44-7-1120
Annual audit.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 44-7-1550, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/7/44-7-1550.