South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 11-19-70: Application of proceeds of obligations.

Where this section sits in the code

Title 11 - PUBLIC FINANCE
CHAPTER 19 Borrowing in Anticipation of Federal Grants

It shall be the duty of the governing body to apply the proceeds of any obligations issued pursuant to this chapter to the cost of the construction of the project for which the grant is to be made, but no purchaser of any obligations shall be liable for the proper application of the proceeds.

Collected 2026-09-02T06:32:09Z. Source file · JSON

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