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