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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 11-17-90. Application of proceeds of notes.
Universal Citation: SC Code § 11-17-90 (2021)
It shall be the duty of the governing body to apply the proceeds of any notes issued pursuant to this chapter to the purpose for which bonds are to be issued, but no purchaser of any notes shall be liable for the proper application of the proceeds.
HISTORY: 1962 Code Section 1-627; 1965 (54) 150.
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