2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 27 - Effect Of New Article X Of Constitution On Bonded And Other Types Of Indebtedness
Section 11-27-90. Form, sale, and maturity of bonds or other obligations.
Notwithstanding any contrary provision of any law relating to the form, sale and maturity of bonds or other obligations of any county, city, town, township, public service district, special purpose district, public housing authority, school district or any other agency or political subdivision of the State:
(a) Such bonds may be in fully registered form and the interest thereon may be payable at such intervals as the governing body of the issuer shall prescribe;
(b) Such bonds may be sold at private sale to the United States of America or any agency or department thereof; and
(c) If such bonds are sold to the United States of America or any agency or department thereof, they may be expressed to mature not later than fifty years from the date as of which they shall be issued or such shorter period as may be required by New Article X of the Constitution of South Carolina, and the amount, date and frequency of the maturities of such bonds or other obligations shall be as prescribed by the governing body of the issuer.
HISTORY: 1977 Act No. 125 Section 10; 1979 Act No. 91 Section 1.
