South Carolina § 6-25-120 - Repayment of notes, obligations, or bonds.
Full text of South Carolina South Carolina Code of Laws § 6-25-120 — Repayment of notes, obligations, or bonds., with citation guidance and answers to common questions.
§ 6-25-120. Repayment of notes, obligations, or bonds.
A joint system may not pledge the full faith, credit, or taxing power of its members when borrowing money or issuing a bond, note, or other obligation. Only revenues and other funds available to the joint system may be used to pay or pledged to the repayment of any notes, obligations, or bonds.
HISTORY: 1983 Act No. 82, SECTION 2; 1997 Act No. 74, SECTION 7; 1999 Act No. 113, SECTION 15; 2007 Act No. 59, SECTION 1, eff June 6, 2007.
Effect of Amendment
The 2007 amendment rewrote this section.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-25-120
What does South Carolina Code of Laws § 6-25-120 cover?
Section 6-25-120 ("Repayment of notes, obligations, or 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 § 6-25-120?
A common citation format is "South Carolina Code of Laws § 6-25-120" (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 § 6-25-120 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.