GroundRules
S.C. Code Ann. § 31-7-50: Application of proceeds.
Where this section sits in the code
- Title 31 - HOUSING AND REDEVELOPMENT
- CHAPTER 7 Tax Increment Financing for Counties
The proceeds from obligations issued under authority of this chapter must be applied only for the purpose for which they were issued. Any premium and accrued interest received in any such sale must be applied to the payment of the principal of or the interest on the obligations sold. Any portion of the proceeds not needed for redevelopment project costs must be applied to the payment of the principal of or the interest on the obligations.
Collected 2026-09-02T07:00:19Z. Source file · JSON