South Carolina General Assembly
113th Session, 1999-2000

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Bill 4472

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INTRODUCED

January 20, 2000

H. 4472

Introduced by Rep. Davenport

L. Printed 1/20/00--H.

Read the first time January 20, 2000.

            

A BILL

TO AMEND ACT 1189 OF 1958, AS AMENDED, RELATING TO THE BOILING SPRINGS FIRE DISTRICT IN SPARTANBURG COUNTY, SO AS TO INCREASE THE BORROWING AUTHORITY OF THE DISTRICT.

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

SECTION 1. Section 3(h) of Act 1189 of 1958, as last amended by Act 375 of 1977, is further amended to read:

"(h) To borrow not exceeding ninety-five six hundred thousand dollars for such a period of a time as may be determined by the board in anticipation of taxes. The indebtedness shall must be evidenced by a note or notes issued by the members of the board and the county treasurer. The full faith and credit of the Boiling Springs Fire District is hereby irrevocably pledged for payment of the indebtedness."

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

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