South Carolina Code 11-27-10. Definitions
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Unless the context clearly requires a different result, for the purposes of this chapter, the following terms have the meanings given thereto:
"Debt limitation" shall mean those debt limitations applicable under New Article X.
Terms Used In South Carolina Code 11-27-10
- Joint resolution: A legislative measure which requires the approval of both chambers.
- 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.
- Statute: A law passed by a legislature.
"Law" shall mean any act, law, statute, joint resolution or other enactment of the General Assembly, whether general or special, in force on the occasion of the effective date of New Article X, relating to the issuance of general obligation debt or any other form of debt by the State, its agencies, authorities or institutions and by the political subdivisions and school districts of the State.
"Ratification date" means the effective date of New Article X. "State board" means the governing body of the State Fiscal Accountability Authority. Any term defined in New Article X shall have the meanings therein given to such term.