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2020 South Carolina Code of Laws
Title 59 - Education
Chapter 107 - State Institution Bonds
Section 59-107-100. Full faith, credit, and taxing power of State pledged to pay bonds.
Universal Citation: SC Code § 59-107-100 (2020)
For the payment of the principal and interest on all state institution bonds, whose issuance is authorized by this chapter, there shall be pledged the full faith, credit, and taxing power of the State, and in addition, the revenues derived from the tuition fees received by the particular institution of higher learning for which such state institution bonds are issued must also be pledged.
HISTORY: 1962 Code Section 22-30; 1953 (48) 169; 1991 Act No. 65, Section 5.
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