South Carolina § 49-19-2130 - Payment of bonds.
Full text of South Carolina South Carolina Code of Laws § 49-19-2130 — Payment of bonds., with citation guidance and answers to common questions.
§ 49-19-2130. Payment of bonds.
A sufficient amount of drainage tax shall be appropriated by the board of supervisors for the purpose of paying the principal and interest of such bonds and shall, when collected, be preserved in a separate fund for that purpose and no other. All bonds and coupons not paid at maturity shall bear interest at the rate of six per cent per annum from maturity until paid or until sufficient funds have been deposited at the place of payment and such interest shall be appropriated by the board of supervisors out of the penalties and interest collected on delinquent taxes or any other available funds of the district. Any expense incurred in paying the bonds and interest thereon and a reasonable compensation to the bank or trust company for paying them shall be paid out of other funds in the hands of the district treasurer and collected for the purpose of meeting the expenses of administration.
HISTORY: 1962 Code SECTION 18-593; 1952 Code SECTION 18-593; 1942 Code SECTION 6196; 1932 Code SECTION 6196; Civ. C. '22 SECTION 3250; 1920 (31) 663; 1932 (37) 1253.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 49-19-2130
What does South Carolina Code of Laws § 49-19-2130 cover?
Section 49-19-2130 ("Payment of 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 § 49-19-2130?
A common citation format is "South Carolina Code of Laws § 49-19-2130" (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 § 49-19-2130 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.