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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds
Section 11-17-50. Necessity of holding election before issuance of notes.
Universal Citation: SC Code § 11-17-50 (2021)
Whenever the favorable result of an election is prescribed by the Constitution or applicable statute as a condition precedent to the issuance of bonds by the borrower, then prior to the issuance of any notes pursuant to this chapter, the election shall have been held and shall have resulted favorably to the issuance of such bonds.
HISTORY: 1962 Code Section 1-624; 1965 (54) 150.
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