For the payment of the principal of and interest on all turnpike bonds, there is irrevocably pledged all turnpike revenues derived from the turnpike facility financed by the bonds to the extent and in the manner prescribed by the bond resolution. Any interest earned on turnpike facility account balances must be credited to the turnpike facility account.
S.C. Code Ann. § 57-5-1380
Turnpike revenue pledged for payment of bonds
1962 Code SECTION 33-220.12; 1972 (57) 3013; 1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84C.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.