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S.C. Code Ann. § 31-3-1680

Debt insurance

1962 Code SECTION 36-168; 1952 Code SECTION 36-168; 1942 Code SECTION 5271-40; 1937 (40) 431.

A housing authority may, notwithstanding anything to the contrary contained in this chapter and Chapter 11 or in any other provision of law, procure or agree to the procurement of insurance or guarantees from the Federal Government of the payment of any debts or parts thereof incurred by the authority and may pay the premium on any such insurance.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.