Neither the members of the county board of the authorizing issuer or the project county nor any person executing any bonds, the intergovernmental loan agreement, or the subsidiary loan agreement is liable personally on the bonds nor subject to any personal liability or accountability by reason of the issuance of the bonds.
S.C. Code Ann. § 44-7-1700
Personal liability or accountability with respect to issuance of bonds
Known as the Hospital Revenue Bond Act
The act spans §§ 44–44 (32 sections).
1987 Act No. 201 SECTION 4.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.