South Carolina Code 11-41-100. Bond maturity date and terms; determination of interest rate
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Terms Used In South Carolina Code 11-41-100
- bonds: means general obligation bonds of this State issued under the authority of this chapter. See South Carolina Code 11-41-30
The bonds must bear the date and mature at the time that the resolution provides, except that a bond may not mature more than thirty years from its date of issue. The bonds 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 Fiscal Accountability Authority before their issue. The bonds may bear interest payable at the times and at the rates determined by the State Fiscal Accountability Authority.