South Carolina § 59-71-330 Rules and regulations.

South Carolina Statutes

§ 59-71-330 — Rules and regulations.

South Carolina § 59-71-330

Title 59EDUCATION

Ch. 71SCHOOL BONDS

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Bluebook

S.C. Code Ann. § 59-71-330 (2026).

Text

The State Treasurer is hereby authorized to prescribe rules and regulations (a) requiring the filing of such information as he deems pertinent with respect to bonds to be sold with the provision authorized by Section 1 of 1973 Act No. 378, (b) requiring school districts issuing bonds to provide him with an analysis of each annual tax levy to be made therein before it is imposed, (c) providing for the immediate withholding of any funds due to a school district which fails to impose adequate millage for debt service, or which fails to perform any of the terms and provisions contained in any such resolution or to comply with any such rules and regulations.

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The State Treasurer is hereby authorized to prescribe rules and regulations (a) requiring the filing of such information as he deems pertinent with respect to bonds to be sold with the provision authorized by Section 1 of 1973 Act No. 378, (b) requiring school districts issuing bonds to provide him with an analysis of each annual tax levy to be made therein before it is imposed, (c) providing for the immediate withholding of any funds due to a school district which fails to impose adequate millage for debt service, or which fails to perform any of the terms and provisions contained in any such resolution or to comply with any such rules and regulations.

Legislative History

HISTORY: 1962 Code SECTION 21-993.2; 1973 (58) 652. Editor's Note The reference in this section to "Section 1 of 1973 Act No. 378" appears erroneous as that section sets out the findings of the General Assembly relative to this article; that section was not codified. It appears that the reference was probably intended to be Section 2 of 1973 Act No. 378 which is codified as 1976 Code SECTION 59-71-310.