Information provided to Joint Bond Review Committee and State Budget and Control Board prior to issuance of general obligation debt.
S.C. Code Ann. § 11-51-80
in effectBefore the issuance of general obligation debt, the Research Centers of Excellence Review Board shall provide the Joint Bond Review Committee and the state board the following: (1) a description of each research infrastructure project for which general obligation debt is requested to be issued; (2) a certification by the Research Centers of Excellence Review Board that the provisions of Section 11-51-70 have been met, that the source of funding has been identified, and that each research infrastructure project complies with the provisions of this chapter; (3) the total cost of each research infrastructure project and the principal amount of general obligation debt requested to be issued; (4) a tentative time schedule setting forth the period of time during which the proceeds of the general obligation debt requested to be issued will be expended; (5) a debt service schedule showing the annual principal and interest requirements, at a projected current rate of interest, on the requested general obligation debt; (6) the total amount of the general obligation debt issued pursuant to this chapter; and (7) a debt service schedule showing the principal and interest requirements for the general obligation debt outstanding and the proposed general obligation debt at a projected current rate of interest.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t11c051.phpFetched: 10/17/2026