South Carolina § 6-11-600 - Disposition of proceeds of bonds.
Full text of South Carolina South Carolina Code of Laws § 6-11-600 — Disposition of proceeds of bonds., with citation guidance and answers to common questions.
§ 6-11-600. Disposition of proceeds of bonds.
The proceeds derived from the sale of any bonds issued pursuant to this article shall be paid to the treasurer of the county in which the special purpose district is located, to be deposited in a bond account fund for the special purpose district, and shall be expended and made use of by the commission as follows:
(a) Any accrued interest shall be applied to the payment of the first installment of interest to become due on such bonds.
(b) Any premium shall be applied to the payment of the first installment of principal of the bonds.
(c) The remaining proceeds shall be used to defray the cost of issuing bonds authorized hereby, and to pay the cost of acquiring and constructing the necessary improvements in the special purpose district.
(d) If any balance remains, it shall be held by the treasurer of the county in which the special purpose district is located in a special fund and used to effect the retirement of bonds authorized hereby.
HISTORY: 1962 Code SECTION 59-599.110; 1974 (58) 2018.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-11-600
What does South Carolina Code of Laws § 6-11-600 cover?
Section 6-11-600 ("Disposition of proceeds 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 § 6-11-600?
A common citation format is "South Carolina Code of Laws § 6-11-600" (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 § 6-11-600 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.