GroundRules
S.C. Code Ann. § 6-25-120: Repayment of notes, obligations, or bonds.
Where this section sits in the code
- Title 6 - LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS
- CHAPTER 25 Joint Authority Water and Sewer Systems Act
A joint system may not pledge the full faith, credit, or taxing power of its members when borrowing money or issuing a bond, note, or other obligation. Only revenues and other funds available to the joint system may be used to pay or pledged to the repayment of any notes, obligations, or bonds.
Collected 2026-09-02T06:25:39Z. Source file · JSON