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2021 South Carolina Code of Laws
Title 57 - Highways, Bridges and Ferries
Chapter 11 - Financial Matters
Section 57-11-270. Revision of taxes included in sources of revenue.
Universal Citation: SC Code § 57-11-270 (2021)
The pledge of monies derived from the sources of revenue shall not preclude the General Assembly from revising the quantum of any tax included in the sources of revenue except that, so long as any state highway bonds shall be outstanding, the sources of revenue shall be not less than the amount needed to fund the general operations budget of the department and debt service requirements for annual principal and interest payments on state highway bonds.
HISTORY: 1962 Code Section 33-277; 1972 (57) 3088; 1973 (58) 36; 1993 Act No. 181, Section 1524.
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