South Carolina § 6-15-40 - Contract provisions for financing sewer facilities; bonds issued shall be for corporate purpose.
Full text of South Carolina South Carolina Code of Laws § 6-15-40 — Contract provisions for financing sewer facilities; bonds issued shall be for corporate purpose., with citation guidance and answers to common questions.
§ 6-15-40. Contract provisions for financing sewer facilities; bonds issued shall be for corporate purpose.
Contracts made pursuant to this chapter may provide that the funds required for sewer facilities be furnished by each of the contracting parties or by one or more of them, or may further provide that any one or more of the contracting parties shall furnish funds therefor at stated intervals. Any and all bonds issued by any contracting party pursuant to such contract shall be issued for a corporate purpose of such issuer for which both general obligation and revenue bonds may be issued.
Such contracts may provide that each contracting party shall pay a portion of the cost of operating and maintaining such sewer facilities and shall either provide that each contracting party shall pay a specified percentage of such operation and maintenance, or shall provide that the use of the sewer facilities be ascertained by metering or other device measuring the quantum of the use of each contracting party as a means of providing the share of the cost of operation and maintenance, and the parties may agree to periodic review and revision of such costs.
HISTORY: 1962 Code SECTION 59-507.3; 1965 (54) 693.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-15-40
What does South Carolina Code of Laws § 6-15-40 cover?
Section 6-15-40 ("Contract provisions for financing sewer facilities; bonds issued shall be for corporate purpose.") 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 § 6-15-40?
A common citation format is "South Carolina Code of Laws § 6-15-40" (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 § 6-15-40 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.