The board of commissioners of any electric light, water supply, fire protection or sewerage district may avail itself of any provision for loans to construct electric light systems, water supply systems, fire protection systems or sewerage systems from the United States Government, through any office or agency thereof, and may issue revenue bonds pledging the income from any such system in liquidation of any loan made as aforesaid by the United States Government.
S.C. Code Ann. § 6-11-250
Government loans
Applied in 1 court decision — leading case James Island Public Service District v. City of Charleston (2001)
Most recently applied in James Island Public Service District v. City of Charleston (May 2001)
1962 Code SECTION 59-622; 1952 Code SECTION 59-622; 1942 Code SECTION 8555-138; 1934 (38) 1292; 1961 (52) 549.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.