Each special purpose district referred to in SECTION 6-11-275 is authorized to borrow funds in anticipation of any annual tax levy, not to exceed seventy-five percent, with the written approval of the county governing body.
S.C. Code Ann. § 6-11-276
Authority to borrow in anticipation of taxes
1976 Act No. 622 SECTION 2.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.