The authority may pledge its revenues or funds to the payment of its bonds, subject only to prior agreement with the holders of particular bonds which may have pledged specific money or revenue. Bonds may be secured by a pledge of a loan obligation owned by the authority, a grant, contribution, or guaranty from the United States, the State, or a corporation, association, institution or person, other property or assets of the authority, or a pledge of money, income, or revenue of the authority from any source.
HISTORY: 1992 Act No. 513, Section 3.
Structure South Carolina Code of Laws
Title 48 - Environmental Protection and Conservation
Chapter 5 - South Carolina Water Quality Revolving Fund Authority Act
Section 48-5-40. Powers of authority.
Section 48-5-50. Continuation of existing fund; deposits to fund; use of funds.
Section 48-5-55. Drinking Water Revolving Loan Fund; deposits; use of funds.
Section 48-5-60. Authority of Department of Health and Environmental Control.
Section 48-5-110. Requirements for bonds; security for bonds.
Section 48-5-130. Subsequent amendments not to affect prior agreements or vested rights.
Section 48-5-150. Bonds as legal investments; bonds as securities.