There is a newer version of the South Carolina Code of Laws
2016 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 27 - EFFECT OF NEW ARTICLE X OF CONSTITUTION ON BONDED AND OTHER TYPES OF INDEBTEDNESS
Section 11-27-80. Outstanding bonds, notes, or other evidences of indebtedness not impaired.
SC Code § 11-27-80 (2016) What's This?
Every bond, note or other evidence of indebtedness outstanding on the ratification date which has been issued by the State, or any agency, authority or institution of the State, or by any political subdivision or school district of the State is hereby declared to be a legal, valid and binding obligation of the issuer in accordance with the tenor and terms of such instrument.
HISTORY: 1977 Act No. 125 Section 9.
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