Purpose of bonds deemed to include payment of notes.

  1. Law
  2. South Carolina Code of Laws
  3. Public Finance
  4. Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds
  5. Purpose of bonds deemed to include payment of notes.

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Whenever any borrower shall be authorized to issue bonds for any specific purpose, the purpose shall be deemed to include the monies required to meet the payment of the principal and interest of notes issued pursuant to this chapter.

HISTORY: 1962 Code Section 1-626; 1965 (54) 150.


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