South Carolina General Assembly
108th Session, 1989-1990

Bill 4089


                    Current Status

Bill Number:               4089
Ratification Number:       310
Act Number                 199
Introducing Body:          House
Subject:                   Interest rates established
View additional legislative information at the LPITS web site.


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

(A199, R310, H4089)

AN ACT TO AUTHORIZE THE STATE, ITS AGENCIES, OR POLITICAL SUBDIVISIONS OF THE STATE TO ESTABLISH AN INTEREST RATE OR RATES AS DETERMINED BY THE GOVERNING BODY OF THE ENTITY ISSUING THE BONDS.

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

Interest rates established

SECTION 1. Notwithstanding any limitation or restriction now existing by statute heretofore enacted, bonds or other obligations of the State, its agencies, or political subdivisions of the State shall bear interest at a rate or rates determined by the governing body of the entity issuing the bonds.

Time effective

SECTION 2. This act takes effect upon approval by the Governor.