South Carolina § 6-21-470 - Excess contributions to bond and interest redemption fund.
Full text of South Carolina South Carolina Code of Laws § 6-21-470 — Excess contributions to bond and interest redemption fund., with citation guidance and answers to common questions.
§ 6-21-470. Excess contributions to bond and interest redemption fund.
In the segregation and separation of the gross revenues into the several funds in SECTION 6-21-440 stated, the governing body may prescribe a reasonable excess amount to be placed in the bond and interest redemption fund from time to time during the earlier years of maturities of such bonds so as thereby to produce and provide a cushion fund to meet any possible deficiencies therein in maturities of future years. If such excess amounts are thus provided provision may be made in the ordinance for the scaling down of such amounts in future years if the surplus so provided in the earlier years may then be found to have been accumulated and to be available.
HISTORY: 1962 Code SECTION 59-405; 1952 Code SECTION 59-405; 1942 Code SECTION 9264; 1933 (38) 411.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-21-470
What does South Carolina Code of Laws § 6-21-470 cover?
Section 6-21-470 ("Excess contributions to bond and interest redemption fund.") 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 § 6-21-470?
A common citation format is "South Carolina Code of Laws § 6-21-470" (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 § 6-21-470 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.