South Carolina Code of Laws
Chapter 71 - School Bonds
Section 59-71-20. Definitions.

As used in this article:
(1) The word "authorities" shall mean the board of trustees or the commission vested by law with the duty of operating the public schools in any particular district, unit or county of the State;
(2) The term "operating school unit" shall mean any type of school district, whether it be located in its entirety in one county or located partly in more than one county or, in case the schools of any county be operated by the county unit plan, the county;
(3) The term "capital improvements" shall mean the constructing, improving, equipping, renovating and repairing of school buildings or other school facilities or the cost of the acquisition of land whereon to construct or establish such school facilities; and
(4) The term "county board" shall mean the county board of education of the county wherein the operating school unit is located, except that when an operating school unit is located partly in one county and partly in another county such term shall in such instances relate to the county boards of education of the counties wherein the operating school unit is located.
HISTORY: 1962 Code Section 21-972; 1952 Code Section 21-972; 1951 (47) 759.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 59 - Education

Chapter 71 - School Bonds

Section 59-71-10. Short title.

Section 59-71-20. Definitions.

Section 59-71-30. Authorities of operating school units authorized to issue general obligation bonds.

Section 59-71-40. Election.

Section 59-71-50. Notice of election.

Section 59-71-60. Declaration of result of election; declaration conclusive unless contested within thirty days.

Section 59-71-70. Maturity of bonds.

Section 59-71-80. Provision for redemption.

Section 59-71-90. Negotiability and registration.

Section 59-71-100. Place of payment.

Section 59-71-110. Interest rate.

Section 59-71-120. Execution of bonds.

Section 59-71-130. Sale of bonds.

Section 59-71-140. Minimum sales price.

Section 59-71-150. Credit pledged for payment; tax.

Section 59-71-155. General obligation bonds; transfers from state general fund to make payments on bonded indebtedness of school districts; maximum amount allowed for transfers.

Section 59-71-160. Exemption of bonds from taxes.

Section 59-71-170. Bonds as legal investments.

Section 59-71-180. Deposit and use of proceeds.

Section 59-71-190. Investment of sinking funds in defense securities.

Section 59-71-310. Resolution of school district concerning bonds in default.

Section 59-71-320. Duties of State Treasurer.

Section 59-71-330. Rules and regulations.

Section 59-71-340. Levy of additional tax.

Section 59-71-410. Authority to issue State school bonds.

Section 59-71-420. Limits on aggregates of indebtedness; maturity date.

Section 59-71-430. Request for issuance of bonds.

Section 59-71-440. Conditions warranting issuance of bonds.

Section 59-71-450. Form of bonds; time, place, and medium of payment.

Section 59-71-460. Denomination of bonds.

Section 59-71-470. Form of bonds; registration.

Section 59-71-480. Interest; maturities; redemption.

Section 59-71-490. Exemption of bonds from taxes or assessments.

Section 59-71-510. Pledge of credit and revenues for payment of bonds.

Section 59-71-520. Revision of retail sales tax not precluded by pledge.

Section 59-71-530. Sale of bonds.

Section 59-71-540. Bonds as lawful investments.

Section 59-71-550. Disposition of proceeds of sale.

Section 59-71-560. Use of proceeds; segregation for different uses.

Section 59-71-570. Sinking fund payments.

Section 59-71-580. Retail sales tax provisions as part of contract with bondholders.