South Carolina § 11-15-460 - Interest rate.
Full text of South Carolina South Carolina Code of Laws § 11-15-460 — Interest rate., with citation guidance and answers to common questions.
§ 11-15-460. Interest rate.
These refunding bonds must bear interest at those rates as may be determined by the governing body of the issuer. However, before the issuance of any refunding bonds, except in the case of the refunding of Qualified School Construction Bonds issued pursuant to the provisions of 26 U.S.C. Section 54F, the governing body shall determine that a savings can be effected through the issuance of these refunding bonds.
HISTORY: 1962 Code SECTION 1-686; 1952 Code SECTION 1-686; 1951 (47) 755; 1989 Act No. 34, SECTION 1; 2009 Act No. 68, SECTION 4.
Editor's Note
2009 Act No. 68 SECTION 6 provides as follows:
"The powers and authorizations conferred by this act shall be in addition to all other powers and authorizations previously conferred upon the State Superintendent of Education, the State Department of Education, and the school districts of the State. The provisions of this act are remedial in nature and shall be liberally construed in order to give full force and effect to its provisions."
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-15-460
What does South Carolina Code of Laws § 11-15-460 cover?
Section 11-15-460 ("Interest rate.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 11-15-460?
A common citation format is "South Carolina Code of Laws § 11-15-460" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 11-15-460 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.