All bonds issued under this chapter must be signed by the Governor and the State Treasurer and attested by the Secretary of State. The Governor, State Treasurer, and Secretary of State may sign these obligations by a facsimile of their signatures. The Great Seal of the State must be affixed to, impressed on, or reproduced upon each of them. The delivery of the bonds executed and authenticated, as provided in the resolution, is valid notwithstanding changes in officers or seal occurring after the execution or authentication.
HISTORY: 2002 Act No. 254, Section 1; 2004 Act No. 187, Section 3.D.
Structure South Carolina Code of Laws
Chapter 41 - State General Obligation Economic Development Bond Act
Section 11-41-10. Short title.
Section 11-41-20. Increase in general obligation debt limitation.
Section 11-41-30. Definitions.
Section 11-41-40. Issuance of bonds pursuant to chapter.
Section 11-41-60. Maximum annual debt service on bonds issued pursuant to chapter.
Section 11-41-70. Bond notification requirements.
Section 11-41-80. Adoption of resolution effecting issue of bonds.
Section 11-41-90. Authorizing resolution.
Section 11-41-100. Bond maturity date and terms; determination of interest rate.
Section 11-41-110. Bonds exempt from taxation.
Section 11-41-120. Executive signature and State seal requirements.
Section 11-41-130. Payment of principal and interest.
Section 11-41-140. Sale of bonds.
Section 11-41-150. Application of proceeds; liability of purchasers for misapplication.
Section 11-41-160. Purchase by fiduciaries.
Section 11-41-170. Expenditure of proceeds.
Section 11-41-180. Infrastructure procurement procedures for research universities.