All proper expenses incurred in the negotiation or sale of any such obligations may be paid by the State Fiscal Accountability Authority or other officers of the State from the proceeds of such sale; provided, however, that the total amount of such expense shall never exceed one half of one per cent of the principal of such notes or other obligations.
S.C. Code Ann. § 11-9-330
Expenses of issuance of small denomination notes or other obligations
1962 Code SECTION 1-775; 1952 Code SECTION 1-775; 1942 Code SECTION 2207; 1932 (37) 1545.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.