South Carolina General Assembly
107th Session, 1987-1988

Bill 683


                    Current Status

Bill Number:               683
Ratification Number:       587
Act Number                 519
Introducing Body:          Senate
Subject:                   Issuance of additional revenue
                           bonds
View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A519, R587, S683)

AN ACT TO PROVIDE THAT THE GOVERNING BODY OF ANY RECREATION DISTRICT THAT HAS AUTHORITY TO ISSUE REVENUE BONDS IS AUTHORIZED TO ISSUE ADDITIONAL REVENUE BONDS UNDER CERTAIN CONDITIONS.

Be it enacted by the General Assembly of the State of South Carolina:

Issuance of additional revenue bonds

SECTION 1. The governing body of any recreation district in this State that has authority to issue revenue bonds is authorized to issue additional revenue bonds upon the written consent of a majority of the public officials who are authorized to make recommendations to the Governor for appointment of members of the governing body of the district.

Provisions cumulative

SECTION 2. The provisions of this act are cumulative to any other provisions of law pertaining to the right of recreation districts to issue revenue bonds.

Time effective

SECTION 3. This act takes effect upon approval by the Governor.