South Carolina Code 11-37-60. Authority only to issue refunding bonds; maximum amount of bonds
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Terms Used In South Carolina Code 11-37-60
- Authority: means the South Carolina Resources Authority. See South Carolina Code 11-37-20
- Bonds: means any bonds, notes, debentures, interim certificates, bond, grant or revenue anticipation notes, or any other evidence of indebtedness of the authority. See South Carolina Code 11-37-20
The authority may issue bonds only for the purpose of refunding bonds of the authority issued before December 31, 1992, or for the purpose of refunding these refunding bonds. The total principal amount of bonds of the authority outstanding at any one time may not exceed the sum of sixty million dollars.