Revenue bonds may be issued in one or more series at such prices, may bear such date or dates, may mature at such time or times, not exceeding forty years from their respective date, may bear interest at such fixed or variable rate or rates, may be payable in such medium of payment and at such place or places, may be in such denomination or denominations, may be in such form, either coupon or registered and either certified or uncertified, may carry such registration privileges, may be subject to such terms of redemption before maturity, with or without premium, and may contain such terms, covenants, and conditions as the resolution authorizing the issuance of the bonds may provide. Except as otherwise specified in the authorizing resolution, the bonds shall be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code.
HISTORY: 1996 Act No. 302, Section 1.
Structure South Carolina Code of Laws
Chapter 147 - Higher Education Revenue Bond Act
Section 59-147-10. Short title.
Section 59-147-20. Definitions.
Section 59-147-30. Issuance of revenue bonds; purpose.
Section 59-147-40. Requirement of university board resolution; content of authorizing resolution.
Section 59-147-50. Authorized revenue bonds; terms; negotiability.
Section 59-147-60. Bond exemptions.
Section 59-147-70. Signature of bonds.
Section 59-147-80. Sale of bonds.
Section 59-147-90. Required filing of obligation with State Treasurer.
Section 59-147-100. Effect of authorizing resolution to issue bonds; enforceability of contract.
Section 59-147-110. Sources of revenue or funds for payment of bonds; liability of signers.