South Carolina § 11-51-40 - Issuance of general obligation debt authorized; limitations.
Full text of South Carolina South Carolina Code of Laws § 11-51-40 — Issuance of general obligation debt authorized; limitations., with citation guidance and answers to common questions.
§ 11-51-40. Issuance of general obligation debt authorized; limitations.
To obtain funds for allocation to the research universities for the financing of research infrastructure projects, and for the other purposes set forth in Section 11-51-125, there may be issued general obligation debt pursuant to the conditions prescribed by this chapter; provided, however, that the amount of the general obligation debt issued pursuant to this chapter that may be outstanding at any one time shall not exceed two hundred fifty million dollars.
HISTORY: 2004 Act No. 187, SECTION 9.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-51-40
What does South Carolina Code of Laws § 11-51-40 cover?
Section 11-51-40 ("Issuance of general obligation debt authorized; limitations.") 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 § 11-51-40?
A common citation format is "South Carolina Code of Laws § 11-51-40" (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 § 11-51-40 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.