The bonds may be disposed of in such manner as the board determines, except that no sale, privately negotiated without public advertisement, may be made unless approved by the State Fiscal Accountability Authority. If the board elects to sell the bonds at public sale, at least one advertisement of the sale must appear in a newspaper of general circulation in South Carolina not less than ten days before the opening of bids and, if no date is fixed in that advertisement, a subsequent notice must be provided either by like publication or other form of notice to parties requesting the notification not less than the business day before the sale.
HISTORY: 1989 Act No. 102, Section 2.
Structure South Carolina Code of Laws
Chapter 122 - The Citadel Housing Revenue Bonds
Section 59-122-10. Definitions.
Section 59-122-30. Disposition of proceeds from sale of bonds.
Section 59-122-40. Requirements for issuance of bonds.
Section 59-122-50. Security for payment of bonds.
Section 59-122-70. Issuance of bonds.
Section 59-122-90. Bonds and interest exempt from taxation.
Section 59-122-100. Investment in bonds by fiduciaries permitted.
Section 59-122-110. Sale of bonds by board; notice.