40 chapters · 720 sections in this title.
S.C. Code Ann. § 11-21-40 Findings to be made by governing board
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Prior to any advanced refunding the governing board of any public agency which shall have outstanding bonds shall find either: (a) That a savings can be effected through advanced refunding; (b) That existing covenants and agreements in the proceedings authorizing the outstanding …
S.C. Code Ann. § 11-21-50 Optional redemption; agreement as to use of proceeds; notice
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The governing board shall not be required to effect the payment or redemption of the outstanding bonds through the means of any optional redemption provision and it may provide in the agreement required by SECTION 11-21-60 that the proceeds of the refunding bonds be used for the …
S.C. Code Ann. § 11-21-60 Disposition of proceeds of refunding bonds
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On the delivery of any refunding bonds issued pursuant to this chapter, the proceeds of the bonds, less the proceeds of that portion of any refunding bonds issued pursuant to Chapter 17, Title 6 for improvements, must be deposited with a corporate trustee and held by it under a w…
S.C. Code Ann. § 11-21-80 Effect of partial invalidity of chapter
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If it be held that the application of this chapter to the refunding of general obligation bonds is invalid, such holding shall not disturb the right of governing boards to effect advanced refundings of bonds payable from the revenues of any revenue-producing project.