Notwithstanding any limitation or restriction now existing by statute heretofore enacted, bonds or other obligations of the State, its agencies, or political subdivisions of the State shall bear interest at a rate or rates determined by the governing body of the entity issuing the bonds.
Governing body issuing bonds to determine interest rate on bonds
S.C. Code Ann. § 11-9-360, under Title 11, Chapter 9.
S.C. Code Ann. § 11-9-360