South Carolina Code 11-23-60. Pledges to secure general obligation bonds not affected
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Terms Used In South Carolina Code 11-23-60
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Nothing contained in this chapter nor any action taken pursuant hereto shall be construed to limit or curtail any pledge of the full faith, credit and taxing power of a political subdivision or public body given to secure its general obligation bonds.