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2017 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 49 - TOBACCO SETTLEMENT REVENUE MANAGEMENT AUTHORITY ACT
Section 11-49-90. Power to incur debt.
Universal Citation: SC Code § 11-49-90 (2017)
The authority and the board have no power to incur debt or obligations or in any way to encumber their assets except by the issuance of bonds, including the making of covenants in relation to the issuing of bonds and notes in anticipation of the issuance of the bonds, and the incurring of expenses and obligations as authorized in Section 11-49-60.
HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
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