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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 51 - South Carolina Research University Infrastructure Act
Section 11-51-120. Maturity, payment, and interest rates.
Universal Citation: SC Code § 11-51-120 (2021)
The general obligation debt must bear the date and mature at the time that the state board resolution provides, except that the general obligation debt may not mature more than thirty years from its date of issue. The general obligation debt may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the state board before its issue. The general obligation debt may bear interest payable at the times and at the rates determined by the state board.
HISTORY: 2004 Act No. 187, Section 9.
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