S.C. Code § 5-21-410
Additional pledge of utility revenues
South Carolina · South Carolina Code Title 5, Chapter 21 — Financial Matters Generally · Status: effective
Cite this
- Citation
- S.C. Code § 5-21-410, Additional pledge of utility revenues, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1565645
- Permanent ID
ys:prov:1565645@1- SHA-256
ac3c17bb3b37cb148eebed10d4e3c1857534387bb114952413a8c384b8315109
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The municipal council may, in its discretion, additionally secure bonds by a pledge of the net revenues which it may derive from any municipally owned public utility. In making a pledge of such revenues the municipality may reserve the right to place other bonds, general obligation or revenue, on a parity with the bonds additionally secured in the manner provided for by this section.
If the net revenues of any municipally owned utility shall be pledged and such utility shall be under the management of commissioners, the commissioners shall give their consent to the issuance of bonds and to the pledge and covenants securing them.