There is a newer version of the South Carolina Code of Laws
2015 South Carolina Code of Laws
Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions
CHAPTER 11 - SPECIAL PURPOSE OR PUBLIC SERVICE DISTRICTS GENERALLY
Section 6-11-276. Authority to borrow in anticipation of taxes.
SC Code § 6-11-276 (2015) What's This?
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.
HISTORY: 1976 Act No. 622 Section 2.
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