South Carolina § 11-9-310 Issuance of bonds, notes, certificates of indebtedness, or other obligations in small denominations.

South Carolina Statutes

§ 11-9-310 — Issuance of bonds, notes, certificates of indebtedness, or other obligations in small denominations.

South Carolina § 11-9-310

Title 11PUBLIC FINANCE

Ch. 9STATE FINANCES GENERALLY

This text of South Carolina § 11-9-310 (Issuance of bonds, notes, certificates of indebtedness, or other obligations in small denominations.) 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. § 11-9-310 (2026).

Text

The State Fiscal Accountability Authority and any other officers of the State authorized by law to issue or sell obligations of the State may, when in need of credit by loans of cash, offer to the investing public by and through such advertisement as may be deemed proper, in small denominations, bonds, notes, certificates of indebtedness or other obligations of the State, upon such terms and at such rates of interest as such board or officers may determine, not to exceed the legal rate, and payable at such intervals as such board or officers may deem proper. But no such obligations shall be sold for less than par and accrued interest to date of delivery.

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The State Fiscal Accountability Authority and any other officers of the State authorized by law to issue or sell obligations of the State may, when in need of credit by loans of cash, offer to the investing public by and through such advertisement as may be deemed proper, in small denominations, bonds, notes, certificates of indebtedness or other obligations of the State, upon such terms and at such rates of interest as such board or officers may determine, not to exceed the legal rate, and payable at such intervals as such board or officers may deem proper. But no such obligations shall be sold for less than par and accrued interest to date of delivery.

Legislative History

HISTORY: 1962 Code SECTION 1-773; 1952 Code SECTION 1-773; 1942 Code SECTION 2207; 1932 (37) 1545; 1950 (46) 3605. Code Commissioner's Note At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.