South Carolina Code 13-12-90. Finding and ordinance; authorization by governing bodies of participating counties whether and to what extent to issue bonds
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 13-12-90
- 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.
Following the hearing, the governing body of each county shall, by ordinance, make a finding as to whether and to what extent bonds of the authority should be issued, and may thereupon authorize the governing body of the authority to issue bonds to the extent it finds necessary. No general obligation bonds of the authority may be issued without authorization of the governing body of each participating county.