Statutes, codes, and regulations
South Carolina Code of Regulations
Chapter 19 - STATE BUDGET AND CONTROL BOARD
Article 1 - OFFICE OF EXECUTIVE DIRECTOR
Section 19-102.03 - Review by Office of Attorney General; Review of Financial Condition of Entity Proposing Bonds

S.C. Code Regs. § § 19-102.03

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Current through Register Vol. 48, No. 10, October 25, 2024
Section 19-102.03 - Review by Office of Attorney General; Review of Financial Condition of Entity Proposing Bonds

Prior to Budget and Control Board approval of a petition (a) the resolution/ordinance, the petition, the inducement resolution or comparable preliminary approval, if any, the proposed Board resolution and any required certificate shall have been reviewed and found legally adequate by the Office of the Attorney General, and (b) except when the bonds are to be privately placed, the financial condition of the entity obligated to pay the bonds shall have been reviewed and found satisfactory by the State Auditor or his designee.

S.C. Code Regs. § 19-102.03