2013 South Carolina Code of Laws
Title 4 - Counties
CHAPTER 15 - COUNTY BONDS
SECTION 4-15-30. When counties may issue bonds; amount thereof.
(A) The authorities of a county may issue general obligation bonds of the county to defray the cost of any authorized purpose and for any amount not exceeding its applicable constitutional debt limit, if:
(1) the election required by this chapter as a condition precedent to the issuance of bonds is favorable; and
(2) the bonds are issued within five years following the holding of the election.
(B) Bonds issued pursuant to the provisions of this chapter may be issued in either a single issue or from time to time as several separate issues.
(C) The five-year period required in (A)(2) of this section is tolled while litigation contesting the validity of the election is pending.
HISTORY: 1962 Code Section 14-513; 1952 Code Section 14-513; 1951 (47) 763; 1991 Act No. 83, Section 2, eff May 27, 1991.
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