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S.C. Code Ann. § 57-5-1420

Application of bond proceeds

1962 Code SECTION 33-220.8; 1972 (57) 3013; 1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84C.

The proceeds derived from the sale of turnpike bonds must be applied only to the purposes for which bonds are issued.

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