South Carolina Code 6-21-185. Special purpose districts providing hospital, nursing home, or care facilities; mortgages
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 6-21-185
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
Under the revenue bond act for utilities in the case of a special purpose district providing hospital, nursing home, or care facilities, the special purpose district is authorized to provide a mortgage on any real or personal property to secure the purchase of any indebtedness by any federal agency or the guarantee of any indebtedness by any federal agency.