The obligation of the State to make sums available to school districts as provided under Section 59-21-320 shall be subordinate to the pledge made to secure the State school bonds authorized under Article 5 of Chapter 71 of this Title and the sinking fund created for their retirement.
S.C. Code Ann. § 59-21-330
Obligation to make grants subordinate to State school bonds
1962 Code SECTION 21-273; 1952 Code SECTION 21-273; 1951 (47) 546; 1967 (55) 719.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.