South Carolina § 59-71-560 - Use of proceeds; segregation for different uses.
Full text of South Carolina South Carolina Code of Laws § 59-71-560 — Use of proceeds; segregation for different uses., with citation guidance and answers to common questions.
§ 59-71-560. Use of proceeds; segregation for different uses.
The proceeds derived from the sale of State school bonds shall be applied by the Board only to the purposes for which the bonds are issued, and, if it shall be provided that a part of the proceeds of an issue of bonds shall be allocated to school districts for capital improvements and other purposes and another part be applied to defray the cost of school bus equipment, the State Treasurer shall, upon the receipt of the proceeds of such bonds, segregate such proceeds in accordance with the provisions of the request made to the Governor and the State Treasurer pursuant to the provisions of Section 59-71-430.
HISTORY: 1962 Code SECTION 21-1000.1; 1952 Code SECTION 21-1000.1; 1951 (47) 546; 1967 (55) 719.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-71-560
What does South Carolina Code of Laws § 59-71-560 cover?
Section 59-71-560 ("Use of proceeds; segregation for different uses.") 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 § 59-71-560?
A common citation format is "South Carolina Code of Laws § 59-71-560" (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 § 59-71-560 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.