South Carolina § 51-7-70 - Payment of revenue obligations.
Full text of South Carolina South Carolina Code of Laws § 51-7-70 — Payment of revenue obligations., with citation guidance and answers to common questions.
§ 51-7-70. Payment of revenue obligations.
In order to secure the payment of any obligations issued pursuant to the provisions of this chapter and such interest as may accrue thereon, the department may:
(1) Pledge all or any part of its revenues derived from the operation of said island or any facility or service furnished by it on said island; and
(2) Enter into any covenant and do any and all acts and things necessary or desirable to secure its obligations or which, in the discretion of the department, tend to make the obligations more marketable, notwithstanding that such covenant may restrict or interfere with the exercise of the powers herein granted, it being the intention hereof to give to the department power to do all things in the issuance of bonds for their security that a private business corporation could do under the general laws of this State.
HISTORY: 1962 Code SECTION 51-247; 1952 Code SECTION 51-247; 1942 Code SECTION 3284-5; 1940 (41) 1785; 2021 Act No. 73 (H.3545), SECTION 2, eff May 17, 2021.
Effect of Amendment
2021 Act No. 73, SECTION 2, deleted (2) to (4), which related to certain actions the department might have undertaken to secure payment of obligations, redesignated (5) as (2), and made nonsubstantive changes throughout.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 51-7-70
What does South Carolina Code of Laws § 51-7-70 cover?
Section 51-7-70 ("Payment of revenue obligations.") 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 § 51-7-70?
A common citation format is "South Carolina Code of Laws § 51-7-70" (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 § 51-7-70 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.