It shall be the duty of the governing body to apply the proceeds of any obligations issued pursuant to this chapter to the cost of the construction of the project for which the grant is to be made, but no purchaser of any obligations shall be liable for the proper application of the proceeds.
Application of proceeds of obligations
S.C. Code Ann. § 11-19-70, under Title 11, Chapter 19.
S.C. Code Ann. § 11-19-70