The proceeds derived from the sale of state highway bonds shall be applied only to the purposes set forth in the resolution of the State Fiscal Accountability Authority pursuant to which the bonds are issued.
S.C. Code Ann. § 57-11-390
Application of proceeds to purposes for which bonds issued
1962 Code SECTION 33-280.9; 1972 (57) 3088; 1993 Act No. 181, SECTION 1524.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.