South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 11-51-170: Application of sale proceeds; liability of purchaser.

Where this section sits in the code

Title 11 - PUBLIC FINANCE
CHAPTER 51 South Carolina Research University Infrastructure Act

The proceeds of the sale of general obligation debt must be received by the State Treasurer and applied by him to the purposes for which issued, but the purchasers of the general obligation debt are in no way liable for the proper application of the proceeds to the purposes for which they are intended.

Collected 2026-09-02T06:33:59Z. Source file · JSON

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