S.C. Code § 55-11-690

Current through 2024 Act No. 225.

Section 55-11-690 - Obligations not to be impaired

For the period the district is indebted to a person on any bonds, notes, or other obligations issued pursuant to the provisions of this article, the powers granted to the district and the authority may not be diminished. The provisions of this article are considered a part of the contract between the district and the holders of the obligations.

S.C. Code § 55-11-690

Amended by 2012 S.C. Acts, Act No. 270 (HB 3918), s 5, eff. 6/18/2012.

1998 Act No. 365, Section 1, eff 6/10/1998; 1990 Act No. 545, Section 3.