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40 chapters · 702 sections in this title.
S.C. Code Ann. § 11-19-10 Definitions
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(a) The term "borrower" shall mean the State, any agency, authority, department or institution of the State, any county, any incorporated city or town, any school district, any special purpose district, and all other political units now existing or hereafter created. (b) The term…
S.C. Code Ann. § 11-19-20 Borrowing in anticipation of federal grant authorized; debt evidenced by note; form and terms of note
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Any borrower which is entitled to any grant may, pending the receipt thereof, but within the limitation set forth in this chapter, borrow from any person and evidence the debt so incurred by a note or other written obligation executed by the officers of the borrower and containin…
S.C. Code Ann. § 11-19-30 Maximum amount
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The maximum amount of any loan made pursuant to this chapter shall not exceed ninety percent of the estimated amount of the grant in anticipation of which the loan is made.
S.C. Code Ann. § 11-19-40 Manner of issuing obligations
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The governing body may arrange the issue of obligations authorized by this chapter by negotiation or may cause them to be advertised and bids therefor received, under such conditions as the governing body shall prescribe.
