South Carolina § 57-11-240 - Limitation on maximum annual debt service; authority to issue state highway bonds.
Full text of South Carolina South Carolina Code of Laws § 57-11-240 — Limitation on maximum annual debt service; authority to issue state highway bonds., with citation guidance and answers to common questions.
§ 57-11-240. Limitation on maximum annual debt service; authority to issue state highway bonds.
The maximum annual debt service on general obligation bonds issued or outstanding as state highway bonds shall not exceed the debt service limits established in Article X, Section 13 of the South Carolina Constitution. Within such limitations, state highway bonds may be issued for state highway transportation purposes or to refund state highway bonds from time to time under the conditions prescribed by this article.
HISTORY: 1962 Code SECTION 33-274; 1972 (57) 3088; 1974 (58) 2273; 1975 (59) 312; 1993 Act No. 181, SECTION 1524; 1995 Act No. 33, SECTION 6.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 57-11-240
What does South Carolina Code of Laws § 57-11-240 cover?
Section 57-11-240 ("Limitation on maximum annual debt service; authority to issue state highway bonds.") 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 § 57-11-240?
A common citation format is "South Carolina Code of Laws § 57-11-240" (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 § 57-11-240 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.