South Carolina Statutes
§ 51-7-100 — Revenue obligations are not debts of State.
No bond, note, coupon or other obligation issued pursuant to the provisions of this chapter shall ever constitute a debt of the State within the meaning of any State constitutional or statutory provision and each bond shall recite on its face that it is payable solely from the revenues pledged to the payment thereof and that it does not constitute a debt of the State.
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South Carolina § 51-7-100 (Revenue obligations are not debts of State.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 51-250; 1952 Code SECTION 51-250; 1942 Code SECTION 3284-5; 1940 (41) 1785.
Nearby Sections
10
§ 51-7-40
Recreation centers; camping areas.§ 51-7-50
Issuance of revenue obligations.§ 51-7-60
Terms of revenue obligations.§ 51-7-70
Payment of revenue obligations.