GroundRules
S.C. Code Ann. § 11-17-70: Notes secured by full faith, credit, and taxing power of borrower.
Where this section sits in the code
- Title 11 - PUBLIC FINANCE
- CHAPTER 17 Borrowing by State, State Agencies, and Political Units in Anticipation of Issuance of Bonds
Notes issued pursuant to this chapter in anticipation of the issuance of general obligation bonds shall be general obligations of the borrower also secured by a pledge of the full faith, credit and taxing power of the borrower, and any governing body is authorized to make such a pledge in the proceedings providing for the issuance of any notes pursuant to this chapter in anticipation of the issuance of general obligation bonds.
Collected 2026-09-02T06:31:59Z. Source file · JSON