The proceeds received from the issuance of state school facilities bonds, after deducting the costs of issuance, must be allocated to the school districts in the same manner and for the same purposes as provided in Section 59-144-100 and the first paragraph of Section 59-144-30.
Allocation of proceeds of sale of state school facilities bonds
S.C. Code Ann. § 59-146-160, under Title 59, Chapter 146.
S.C. Code Ann. § 59-146-160