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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 11-43-320: Pledges of revenue or funds to bond payment; bonds secured by pledge.

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Where this section sits in the code
  1. Title 11 - PUBLIC FINANCE
  2. CHAPTER 43 South Carolina Transportation Infrastructure Bank Act
  3. ARTICLE 3 South Carolina Transportation Infrastructure Bank Revenue Bonds

The bank may pledge any of its revenue or funds to the payment of its bonds, subject only to any prior agreements with the holders of particular bonds which may have pledged specific money or revenue. Bonds may be secured by a pledge of any loan obligation owned by the bank, any grant, contribution, or guaranty from the United States, the State, or any corporation, association, institution, or person, any other property or assets of the bank, or a pledge of any money, income, or revenue of the bank from any source.

Collected 2026-09-02T06:33:19Z. Source file · JSON

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