South Carolina § 59-31-60 - Issuing notes for books or borrowing to pay for same.
Full text of South Carolina South Carolina Code of Laws § 59-31-60 — Issuing notes for books or borrowing to pay for same., with citation guidance and answers to common questions.
§ 59-31-60. Issuing notes for books or borrowing to pay for same.
The State Board of Education may issue its negotiable notes with interest not exceeding three and one-half per cent per annum and may pledge all books purchased and all rentals collected under Article 3 of this chapter, after the payment of all administrative expenses, for the discharge of rental or purchase contracts. The full faith, credit and taxing power of the State are pledged for the payment of such notes. The State Board of Education, in its discretion, may borrow upon the same terms as above authorized, from any available source, the money with which to purchase such schoolbooks, at a rate of interest not to exceed three and one-half per cent per annum. But no notes shall be issued hereunder without the written approval of the State Fiscal Accountability Authority. For the purpose of carrying out the provisions of Articles 1 to 5 of this chapter and enabling the State to avail itself to the fullest extent of Federal aid, in the form of grants or otherwise, that is available for use in the State for this and other purposes, the Governor shall procure from all sources available such amounts of funds as may be needed to carry out the terms and purposes of said articles.
HISTORY: 1962 Code SECTION 21-459; 1952 Code SECTION 21-459; 1942 Code SECTION 5292; 1936 (39) 1549.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-31-60
What does South Carolina Code of Laws § 59-31-60 cover?
Section 59-31-60 ("Issuing notes for books or borrowing to pay for same.") 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 § 59-31-60?
A common citation format is "South Carolina Code of Laws § 59-31-60" (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 § 59-31-60 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.