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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 43 - South Carolina Transportation Infrastructure Bank Act
Section 11-43-370. Purchase of outstanding bonds; price.
Universal Citation: SC Code § 11-43-370 (2021)
The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price must not exceed the redemption price then applicable plus accrued interest to the next interest payment date.
HISTORY: 1997 Act No. 148, Section 2.
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