2013 South Carolina Code of Laws
Title 57 - Highways, Bridges and Ferries
CHAPTER 5 - STATE HIGHWAY SYSTEM
SECTION 57-5-1380. Turnpike revenue pledged for payment of bonds.
For the payment of the principal of and interest on all turnpike bonds, there is irrevocably pledged all turnpike revenues derived from the turnpike facility financed by the bonds to the extent and in the manner prescribed by the bond resolution. Any interest earned on turnpike facility account balances must be credited to the turnpike facility account.
HISTORY: 1962 Code Section 33-220.12; 1972 (57) 3013; 1980 Act No. 449; 1985 Act No. 201, Part II, Section 84C.
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