Under the revenue bond refinancing act, in the case of a municipality providing hospital, nursing home, or care facilities, the municipality may utilize the provisions of Section 44-7-60 to secure payment on any indebtedness purchased by any federal agency or any indebtedness guaranteed by any federal agency.
S.C. Code Ann. § 6-17-95
Municipalities providing hospital, nursing home, or care facilities; mortgages
Known as the The Revenue Bond Refinancing Act
The act spans §§ 6–6 (33 sections).
2010 Act No. 199, SECTION 2, eff upon approval (became law without the Governor's signature on June 1, 2010).
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.