S.C. Code § 13-12-180

Current through 2024 Act No. 225.

Section 13-12-180 - Net earnings of authority not to inure to benefit of person other than authority

The net earnings of the authority, beyond that necessary for retirement of its bonds or other obligations or to implement the purposes of this chapter, may not inure to the benefit of any person other than the authority.

S.C. Code § 13-12-180

1992 Act No. 518, Section 1, eff 9/2/1992; 1992 Act No. 515, Section 1, eff 9/1/1992.