The state school facilities bonds must bear the date and mature at the time that the resolution provides, except that no state school facilities bond may mature more than thirty years from its date of issue. The state school facilities bonds may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the State Fiscal Accountability Authority before their issuance. The bonds may bear interest payable at the times and at the rates as determined by the State Fiscal Accountability Authority.
S.C. Code Ann. § 59-146-90
Terms of state school facilities bonds
Known as the State School Facilities Bond Act
The act spans §§ 59-146-10 to 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.