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Section 13-12-70. Notice requirements with respect to hearing on bond issue.

SC Code § 13-12-70 (2019) (N/A)
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Notice of the public hearing required by Section 13-12-60 shall be published by each county once a week for three successive weeks in a newspaper of general circulation in the county. The notice shall state:

(a) the time of the public hearing, which shall be not less than sixteen days following the first publication of the notice;

(b) the place of the hearing;

(c) the maximum amount of general obligation bonds proposed to be issued by the authority;

(d) a statement setting forth the purpose for which the proceeds of such bonds are to be expended; and

(e) a brief summary of the reasons for the issuance of such bonds and the method by which the principal and interest of such bonds are to be paid.

HISTORY: 1992 Act No. 515, Section 1, eff September 1, 1992; 1992 Act No. 518, Section 1, eff September 2, 1992.

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Section 13-12-60. Governing bodies of participating counties may authorize authority to issue general obligation bonds; public hearing requirement.
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Section 13-12-80. Public hearing.