State's faith and credit not pledged for payment; board members not personally liable.

S.C. Code Ann. § 59-122-60
in effect
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The faith and credit of the State of South Carolina is not pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the members of the board nor any other person signing the bonds are personally liable for them.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t59c122.phpFetched: 10/17/2026

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