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2017 South Carolina Code of Laws
Title 59 - Education
CHAPTER 117 - UNIVERSITY OF SOUTH CAROLINA
Section 59-117-260. Bonds not guaranteed by State; trustees not personally liable.
Universal Citation: SC Code § 59-117-260 (2017)
The faith and credit of the State may not be pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable for them.
HISTORY: 1990 Act No. 502, Section 4.
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