South Carolina § 13-17-89 - Prohibition on pledging credit of State.
Full text of South Carolina South Carolina Code of Laws § 13-17-89 — Prohibition on pledging credit of State., with citation guidance and answers to common questions.
§ 13-17-89. Prohibition on pledging credit of State.
A provision of this chapter may not be construed to authorize the SCRA to commit the credit and taxing power of the State. Where the SCRA establishes, controls, funds, supports, or is otherwise involved with a nonprofit entity or appoints some or all of the directors of a nonprofit entity, and this nonprofit entity has established or establishes a for-profit entity, has acquired or acquires an ownership interest in a for-profit entity, the SCRA shall provide written notice to both this nonprofit entity and this for-profit entity that the SCRA may not pledge the credit and taxing power of the State. A failure to provide this written notice may not be construed to indicate the SCRA may pledge the credit and taxing power of the State.
HISTORY: 2012 Act No. 209, SECTION 1, eff June 7, 2012.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 13-17-89
What does South Carolina Code of Laws § 13-17-89 cover?
Section 13-17-89 ("Prohibition on pledging credit of State.") 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 § 13-17-89?
A common citation format is "South Carolina Code of Laws § 13-17-89" (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 § 13-17-89 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.