All revenues derived by the commission from the operation of any revenue-producing facility which may not be required to discharge covenants made by it in issuing bonds, notes or other obligations authorized by Section 55-11-150, shall be held, disposed of or expended by the commission for purposes germane to the functions of the district.
S.C. Code Ann. § 55-11-160
Disposition of unpledged revenues
1962 Code SECTION 2-320; 1959 (51) 101; 2012 Act No. 270, SECTION 5, eff June 18, 2012.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.