Following the receipt of the notification presented pursuant to Section 59-146-60, the State Fiscal Accountability Authority shall, by resolution duly adopted, effect the issuance of state school facilities bonds, or pending the issuance thereof, effect the issuance of bond anticipation notes pursuant to Chapter 17 of Title 11.
HISTORY: 1999 Act No. 28, Section 1.
Structure South Carolina Code of Laws
Chapter 146 - State School Facilities Bonds Act
Section 59-146-10. Short title.
Section 59-146-20. Purpose of chapter to assist school districts to provide educational facilities.
Section 59-146-30. Definitions.
Section 59-146-40. School facilities bonds.
Section 59-146-60. State Board of Education notification to State Fiscal Accountability Authority.
Section 59-146-90. Terms of state school facilities bonds.
Section 59-146-100. Tax exemption of state school facilities bonds.
Section 59-146-110. Execution and authentication of state school facilities bonds.
Section 59-146-120. Payment of principal and interest.
Section 59-146-130. Sale of state school facilities bonds.
Section 59-146-140. Proceeds of sale of state school facilities bonds.
Section 59-146-150. Investment in state school facilities bonds by fiduciaries.
Section 59-146-160. Allocation of proceeds of sale of state school facilities bonds.
Section 59-146-180. Qualification of school districts for funds.