South Carolina § 59-107-70 - Governor and State Treasurer empowered to authorize issuance of bonds.
Full text of South Carolina South Carolina Code of Laws § 59-107-70 — Governor and State Treasurer empowered to authorize issuance of bonds., with citation guidance and answers to common questions.
§ 59-107-70. Governor and State Treasurer empowered to authorize issuance of bonds.
It shall be the duty of the Governor and the State Treasurer to examine the request mentioned in Section 59-107-60, and if they shall jointly approve it, and, for themselves, determine that the schedule of tuition fees in force at such state institution will, upon the basis of the sum received by such state institution from tuition fees for the fiscal year preceding the fiscal year in which the application made pursuant to Section 59-107-40, produce funds sufficient to meet the principal and interest requirements on the proposed bonds and on all outstanding state institution bonds issued for such state institution, and provide the margin for such principal and interest requirements to the extent required by paragraph (3) of Section 59-107-50, they shall be empowered to provide for the issuance of state institution bonds in the amount approved by the State Fiscal Accountability Authority.
HISTORY: 1962 Code SECTION 22-27; 1953 (48) 169; 1966 (54) 2263; 1991 Act No. 65, SECTION 4.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-107-70
What does South Carolina Code of Laws § 59-107-70 cover?
Section 59-107-70 ("Governor and State Treasurer empowered to authorize issuance 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 § 59-107-70?
A common citation format is "South Carolina Code of Laws § 59-107-70" (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 § 59-107-70 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.