South Carolina Code 11-9-360. Governing body issuing bonds to determine interest rate on bonds
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Terms Used In South Carolina Code 11-9-360
- Statute: A law passed by a legislature.
Notwithstanding any limitation or restriction now existing by statute heretofore enacted, bonds or other obligations of the State, its agencies, or political subdivisions of the State shall bear interest at a rate or rates determined by the governing body of the entity issuing the bonds.