{"data":{"id":"us-sc/s.c.-code-ann.-31-12-250","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 31-12-250","heading":"Disposition of proceeds of obligations.","body":"The proceeds from obligations issued under authority of Sections 31-12-200 through 31-12-320 of this chapter must be applied only for the purpose for which they were issued. Any premium and accrued interest received in a sale must be applied to the payment of the principal of or the interest on the obligations sold. A 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.","path":["Title 31 - HOUSING AND REDEVELOPMENT","CHAPTER 12 Redevelopment of Federal Military Installations and Other Defense Sites"],"source_url":"https://www.scstatehouse.gov/code/t31c012.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:00:39Z","sha256":"0bd823d8c8a27638cc411f9b935a290f6090a5768f2b01bc8b5f4f2d864f7b54","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-31-12-210","next":"us-sc/s.c.-code-ann.-31-12-260"},"notice":"GroundRules: Original legal text. Not legal advice."}