To obtain funds for allocation to the department or to the State or agency, instrumentality, or political subdivision, as the case may be, for financing of infrastructure, there are issued from time to time state general obligation economic development bonds under the conditions prescribed by this chapter. Subject to Section 11-41-90(6), bonds for an economic development project may be issued in one or more series, pursuant to one or more notifications required by Section 11-41-70.
S.C. Code Ann. § 11-41-40
Issuance of bonds pursuant to chapter
Known as the State General Obligation Economic Development Bond Act
The act spans §§ 11–11 (19 sections).
2002 Act No. 254, SECTION 1; 2005 Act No. 114, SECTION 3; 2013 Act No. 13, SECTION 5, eff April 23, 2013.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.