reglab/housing_qa huggingface dataset:
SC Code § 11-13-130 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 13 - Deposit Of State Funds|Section 11-13-130. Deposit slips.

 The State Treasurer shall designate a form of deposit slip to be used by each department and institution in making deposits, and each department and institution shall provide a sufficient amount of such deposit slips for its use and strictly adhere to the systems prescribed by the State Treasurer in the handling of state funds.  HISTORY: 1962 Code Section 1-752; 1952 Code Section 1-752; 1942 Code Section 3188; 1932 Code Section 3188; Civ. C. '22 Sections 882, 883, 884; 1921 (32) 114; 1930 (36) 1361.
SC Code § 11-13-140 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 13 - Deposit Of State Funds|Section 11-13-140. State Treasury deemed bank for federal purposes.

 For purposes of federal law or regulation relating to funds allotted to state agencies which include requirements relating to banking procedures, the State Treasury is deemed to meet the definition of a bank.  HISTORY: 2002 Act No. 356, Section 1, Part XI.E.
SC Code § 11-14-110 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 14 - Defeasance Of Outstanding Public Bonds, Notes, And Other Obligations|Section 11-14-110. Defeasance of outstanding public obligations authorized; deposits in special trust fund.

 The State, acting through the State Fiscal Accountability Authority, all agencies and institutions and all counties, municipal corporations, authorities, special purpose districts and other political units may effect the defeasance of any outstanding bonds, notes, or other obligations by depositing in a special irrevocable trust fund, to be held by the State Treasurer or a bank or other financial institution approved by the State Treasurer, obligations provided for in Section 6-5-10(a)(1) and monies which will provide the sums required to pay when due the principal of, redemption premium, if any, and interest on the bonds sought to be defeased. Upon the establishment and funding in full of such special trust fund, the bonds so defeased shall no longer be deemed outstanding for any purpose.  HISTORY: 1981 Act No. 179 Section 13; 2008 Act No. 231, Section 4.  Code Commissioner's Note  At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
SC Code § 11-14-120 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 14 - Defeasance Of Outstanding Public Bonds, Notes, And Other Obligations|Section 11-14-120. Defeasance of assumed debt.

 In all instances where all or any portion of the debt of one public agency or political unit has been assumed by another public agency or political unit, it shall be presumed that the assumed obligations will be appropriately paid by the public agency or political unit assuming such debt and the unpaid debt shall be deemed to have been defeased to the same extent as debt defeased in the manner provided for in Section 11-14-110.  HISTORY: 1981 Act No. 179 Section 13.
SC Code § 11-14-130 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 14 - Defeasance Of Outstanding Public Bonds, Notes, And Other Obligations|Section 11-14-130. Defeasance not to impair obligations of contract between issuer and holder.

 It is not intended that any action pursuant to the authorization of this chapter shall impair any obligation of any contract between the issuer and any holder of any bond, note or other obligation of the issuer and, if for any reason any trust established shall fall, in whole or in part, to effect the payments intended or required to be made, or if in the instance of debt assumed as contemplated by Section 11-14-120, the public agency or political unit assuming such debt shall fail to pay such assumed debt, in whole or in part, then in each instance the issuer shall forthwith effect payment of such principal or interest through the means and in the manner originally provided.  HISTORY: 1981 Act No. 179 Section 13.
SC Code § 11-15-10 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-10. Record of public bond issues to be kept and filed.

 In case any county, township, school district, city, town or other municipality is authorized to issue bonds in pursuance of law, the persons and officers charged therewith shall make a full record of the proceedings connected with such bond issue, and a copy of the record of such proceedings shall be filed and indexed in the office of the clerk of court of the county in a special book to be furnished therefor.  HISTORY: 1962 Code Section 1-644; 1952 Code Section 1-644; 1942 Code Section 8891; 1932 Code Section 8891; Civ. C. '22 Section 5321; 1916 (29) 922; 1917 (30) 166; 1918 (30) 779.
SC Code § 11-15-20 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-20. Records of bond issues to be made by state agencies; filing and indexing of records.

 (1) Definitions:  (a) "Bonds" shall include general obligations of the issuer and obligations of the issuer payable in whole or in part from any special fund or other source, any part of which is expressed to mature more than twelve months from the date thereof but shall not include obligations issued in anticipation of the collection of taxes or in anticipation of the issuance of bonds.  (b) "State agency" shall mean the State of South Carolina, its agencies and institutions.  (c) "Governing board" shall mean the board, commission, board of trustees, authority, or any other public body upon which is devolved by law the administrative and executive duties relating to the issuance of bonds of any state agency.  (2) In every instance where the governing board of any state agency shall propose to effect the issuance of bonds, it shall make a full record of the proceedings relating to the issuance of such bonds, exclusive of papers and documents relating to the delivery of such bonds, and shall, prior to the delivery of such bonds, file a copy of such record in the office of the Secretary of State. It shall be the duty of the Secretary of State to file and index the record in a special book to be kept by such officer for such purpose. The Secretary of State shall be authorized to prepare and deliver certified copies of the records as thus filed and to deliver them to the purchasers of the bonds or other interested parties. For each such certification a reasonable fee may be charged.  HISTORY: 1962 Code Section 1-644.1; 1967 (55) 491.
SC Code § 11-15-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-30. Bonds incontestable from twenty days after filing and indexing.

 No action shall be commenced on account of the issuance of any such bonds after the expiration of twenty days from the date of the filing and indexing of such records as prescribed by Sections 11-15-10 and 11-15-20, and such bonds so issued, when in the hands of a bona fide purchaser for value, shall be incontestable, but the period within which such actions may be commenced shall not begin to run until such records have been filed as herein prescribed.  HISTORY: 1962 Code Section 1-645; 1952 Code Section 1-645; 1942 Code Section 8892; 1932 Code Section 8892; Civ. C. '22 Section 5322; 1916 (29) 922; 1917 (30) 166; 1918 (30) 779; 1967 (55) 491.
SC Code § 11-15-90 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-90. Failure to make payment or remit funds for payment of obligations.

 If any disbursing officer shall fail or refuse to make payment of any obligations when they shall fall due, at his office, or shall fail or refuse to remit funds for such payment to the agreed place for payment in sufficient time for such payment, funds for such payment being in his hands, whether or not such payments or remission for payment shall have been ordered by any board or officer, the disbursing officer so failing or refusing shall be guilty of a misdemeanor and upon conviction thereof shall be punished by imprisonment for a term of not less than thirty days and not more than one year and a fine of not less than two hundred dollars and not more than five hundred dollars, either or both within the discretion of the court.  HISTORY: 1962 Code Section 1-652; 1952 Code Section 1-652; 1942 Code Section 7339; 1932 Code Section 7339; 1927 (35) 260.
SC Code § 11-15-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-100. Requirements for incurring general obligation debt.

 (A) Counties, municipalities, school districts, and special purpose districts shall not incur any general obligation or revenue obligation indebtedness unless there has been filed in the office of the State Treasurer the following information:  (1) date and title issue;  (2) type of indebtedness;  (3) the purpose of issuance;  (4) the original principal to be borrowed;  (5) interest rate;  (6) annual payments of principal;  (7) annual payments of interest.  (B) The State Treasurer shall prepare and make available to counties, municipalities, school districts, and special purpose districts blank forms upon which the information required in subsection (A) of this section must be reported.  (C) The State Treasurer shall annually survey the counties, municipalities, school districts, and special purpose districts concerning their general obligation and revenue obligation indebtedness so as to maintain a current record of these obligations. The survey must be conducted in such manner and on such forms as the State Treasurer shall prescribe. The survey for counties, school districts, and special purpose districts must be compiled by their respective county treasurers.  (D) On or before March thirty-first of each year following the close of the fiscal year, the State Treasurer shall publish a statement of obligations of all political subdivisions showing each municipality, county, special purpose district, and school district in a county-by-county listing.  HISTORY: 1988 Act No. 365, Part II, Section 2; 1990 Act No. 404, Section 1.
SC Code § 11-15-210 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-210. Investment of sinking funds of political subdivisions of the State; changing investments.

 The custodian of any sinking fund required to be established by the laws of this State for the retirement at maturity of bonds, notes or other obligations issued by any political subdivision of the State not maturing within one year from the date of issue shall invest, within six months from the collection of the tax levied for the establishment of such sinking fund, the funds so collected in bonds of the issue for which the sinking fund is created, in other outstanding issues of such political subdivision or in valid outstanding bonds of some other political subdivision of this State or in bonds of this State or the United States of America, with the privilege of changing the investments from such bonds to other such bonds of any such class, if in the opinion of the custodian of such sinking fund such change is necessary or advisable.  HISTORY: 1962 Code Section 1-661; 1952 Code Section 1-661; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-220 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-220. Collection for sinking fund applied to payment of bonds unnecessary when bonds mature within twelve months.

 When such collection for a sinking fund is to be applied to the payment of bonds maturing within twelve months from the date of such collection, then such collection to the amount of the bonds so about to mature need not be invested. And such investments need not be made unless the amount on hand for investment shall amount to one thousand dollars, it being the intention of this section and Section 11-15-210 that whenever the amount of any sinking fund collected shall be one thousand dollars or more the investment of one thousand dollars or any multiple thereof on hand shall then be made.  HISTORY: 1962 Code Section 1-662; 1952 Code Section 1-662; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-230 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-230. Deposit of collections for sinking fund.

 The custodian of any sinking fund affected by Section 11-15-210 may deposit collections for such sinking fund in any bank approved by the chief bank examiner.  HISTORY: 1962 Code Section 1-663; 1952 Code Section 1-663; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-240 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-240. Holding of sinking fund investments.

 Such investments shall be kept separate and distinct and properly earmarked with or registered in the name of the particular sinking fund to which they are applicable and shall be used for no other purpose and kept until such time before the maturity of the bonds for which the sinking fund is established as it may be necessary to sell or collect them in order to meet such obligations at maturity.  HISTORY: 1962 Code Section 1-664; 1952 Code Section 1-664; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-250 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-250. Advertisements for purchase of securities.

 In making such investment of sinking funds in securities other than those of the county in which such sinking fund was created the custodian shall advertise once a week for two weeks in one newspaper published in the county in which such a sinking fund is established or in a newspaper having a general circulation in such county for offers of sale of bonds of the issue for which the sinking fund is established and of bonds of political subdivisions of this State, with the right to reject any and all offers.  HISTORY: 1962 Code Section 1-665; 1952 Code Section 1-665; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-260 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-260. Choice of investments.

 If bonds of the issue for which the sinking fund is established are offered at a price not in excess of par and accrued interest or at a price not in excess of the lowest price at which the bonds of any other political subdivision of this State are offered, then the sinking fund shall be invested in such bonds. Otherwise it shall be invested in such other bonds as are offered at the lowest price, due regard being had, however, to the legality of such issue and the solvency of the maker or, in the discretion of the custodian, in bonds of the United States of America or of this State. In the purchase of bonds the custodian shall, if possible, purchase bonds with maturities coincident, or as nearly as possible coincident, with the maturities of the bonds for which the sinking fund was established.  HISTORY: 1962 Code Section 1-667; 1952 Code Section 1-667; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-270 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-270. Sale of bonds in sinking fund.

 No sale of bonds bought by the custodian for the investment of the sinking fund shall be made except after advertisement of such proposed sale for the same length of time and in the same manner and in the same newspapers as is provided in Section 11-15-250 for the purchasing of bonds.  HISTORY: 1962 Code Section 1-668; 1952 Code Section 1-668; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-280 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-280. Statements to be filed in the office of the clerk of court.

 When bonds are bought or sold as provided under the terms of this article, the custodian of the sinking fund effecting the purchase or sale shall file in the office of the clerk of court of the county in which the sinking fund is situate, for public inspection, a list of the bonds offered to him for purchase, showing their amount, price and interest rate and designating therein the bonds actually purchased, and in the event of the sale of bonds, shall file a statement showing all offers received for the purchase of the bonds, designating thereon the offer which was accepted. Such statements filed in the office of the clerk of court may be destroyed by the clerk one year thereafter.  HISTORY: 1962 Code Section 1-669; 1952 Code Section 1-669; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 132; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-290 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-290. Failure to make investments in accordance with article; penalties.

 The failure of the custodian of any such sinking fund to make such investments in accordance with the provisions of this article shall be a misdemeanor, and upon conviction thereof he shall be liable to a fine of not less than one hundred dollars nor more than one thousand dollars or imprisonment for not less than thirty days nor more than one year or both.  HISTORY: 1962 Code Section 1-670; 1952 Code Section 1-670; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95, 131; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-300 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-300. Provisions not applicable to certain counties.

 The provisions of this article shall not apply to Abbeville, Anderson, Beaufort, Cherokee, Chester, Chesterfield, Clarendon, Colleton, Darlington, Edgefield, Georgetown, Greenville, Greenwood, Horry, Jasper, Kershaw, Laurens, Lee, Lexington, McCormick, Marion, Newberry, Oconee, Orangeburg, Richland, Saluda, Union, Williamsburg and York Counties. The investment of any sinking funds of Pickens County, under the provisions of this article, shall be optional with the custodian of such funds, and any investment thereof by such custodian shall be first approved by the attorney for the county of Pickens.  HISTORY: 1962 Code Section 1-671; 1952 Code Section 1-671; 1942 Code Section 3884; 1932 Code Section 3884; 1925 (34) 289; 1928 (35) 1167; 1931 (37) 95; 1932 (37) 1352, 1363; 1935 (39) 432.
SC Code § 11-15-410 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-410. Short title.

 This article may be cited as the "Refunding Act."  HISTORY: 1962 Code Section 1-681; 1952 Code Section 1-681; 1951 (47) 755.
SC Code § 11-15-420 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-420. Declaration of purpose.

 This article is intended to authorize and provide the procedure for the issuance of general obligation bonds whose proceeds are to be used to pay, in whole or in part, sums due on general obligation bonds previously issued.  HISTORY: 1962 Code Section 1-683; 1952 Code Section 1-683; 1951 (47) 755.
SC Code § 11-15-430 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-430. Definitions.

 (1) The word "issuer," as used in this article, shall mean any incorporated city or town, school district, county, or other political division or subdivision of the State which shall have outstanding and unpaid, whether matured or unmatured, bonds for whose payment the full faith, credit, taxing power and resources of such political division or subdivision have been pledged, whether or not such general obligation bonds be additionally secured by pledge of other revenues.  (2) The term "governing body" shall mean, in the case of incorporated cities or towns, the city council or town council and in other instances the commission, group, board or body to whom is delegated the administrative duties of the issuer.  HISTORY: 1962 Code Section 1-682; 1952 Code Section 1-682; 1951 (47) 755.
SC Code § 11-15-440 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-440. Extent to which refunding bonds may be issued.

 The governing body of any issuer may issue general obligation bonds of such issuer to such extent as such issuer shall be indebted by way of principal, interest, and redemption premium upon any outstanding general obligation or revenue bonds, maturing or called for redemption, less all sinking funds and other monies on hand applicable thereto. The issuer may utilize the provisions of Sections 11-27-40 and 11-27-50 in connection with the issuance of such refunding bonds.  HISTORY: 1962 Code Section 1-684; 1952 Code Section 1-684; 1951 (47) 755; 1999 Act No. 113, Section 23.
SC Code § 11-15-450 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-450. Time when refunding bonds may be issued.

 Such refunding bonds may be issued at any time, but not sooner than one year from the date the outstanding bonds fall due or have been called for redemption.  HISTORY: 1962 Code Section 1-685; 1952 Code Section 1-685; 1951 (47) 755.
SC Code § 11-15-460 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-460. Interest rate.

 These refunding bonds must bear interest at those rates as may be determined by the governing body of the issuer. However, before the issuance of any refunding bonds, except in the case of the refunding of Qualified School Construction Bonds issued pursuant to the provisions of 26 U.S.C. Section 54F, the governing body shall determine that a savings can be effected through the issuance of these refunding bonds.  HISTORY: 1962 Code Section 1-686; 1952 Code Section 1-686; 1951 (47) 755; 1989 Act No. 34, Section 1; 2009 Act No. 68, Section 4.  Editor's Note  2009 Act No. 68 Section 6 provides as follows:  "The powers and authorizations conferred by this act shall be in addition to all other powers and authorizations previously conferred upon the State Superintendent of Education, the State Department of Education, and the school districts of the State. The provisions of this act are remedial in nature and shall be liberally construed in order to give full force and effect to its provisions."