South Carolina § 48-23-135 - Authorization to borrow; amount and terms.
Full text of South Carolina South Carolina Code of Laws § 48-23-135 — Authorization to borrow; amount and terms., with citation guidance and answers to common questions.
§ 48-23-135. Authorization to borrow; amount and terms.
In order to finance the cost of acquiring land for use as a second generation tree seed orchard, additional seedling production facilities, and field offices, the State Forestry Commission may borrow from one or more financial institutions or from whatever other source is appropriate not exceeding two million dollars for a period of time as needed, not exceeding twenty years, and upon the terms and conditions the commission, with the approval of the State Fiscal Accountability Authority, agrees upon.
HISTORY: 1983 Act No. 66, SECTION 1; 1987 Act No. 170, Part II, SECTION 46; 1988 Act No. 658, Part II, SECTION 44.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 48-23-135
What does South Carolina Code of Laws § 48-23-135 cover?
Section 48-23-135 ("Authorization to borrow; amount and terms.") 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 § 48-23-135?
A common citation format is "South Carolina Code of Laws § 48-23-135" (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 § 48-23-135 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.