The proceeds received from the issuance of state school facilities bonds, after deducting the costs of issuance, must be allocated to the school districts in the same manner and for the same purposes as provided in Section 59-144-100 and the first paragraph of Section 59-144-30.
S.C. Code Ann. § 59-146-160
Allocation of proceeds of sale of state school facilities bonds
Known as the State School Facilities Bond Act
The act spans §§ 59-146-10–59-146-90 (18 sections).
1999 Act No. 28, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.