Under the revenue bond act for utilities in the case of a special purpose district providing hospital, nursing home, or care facilities, the special purpose district is authorized to provide a mortgage on any real or personal property to secure the purchase of any indebtedness by any federal agency or the guarantee of any indebtedness by any federal agency.
S.C. Code Ann. § 6-21-185
Special purpose districts providing hospital, nursing home, or care facilities; mortgages
2008 Act No. 350, SECTION 2, eff upon approval (became law without the Governor's signature on June 17, 2008); 2010 Act No. 199, SECTION 1, eff upon approval (became law without…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.