NOV 03, 1982
Regarding whether or not the use of interest earned on school bond proceeds issued pursuant to Sections 59-71-10 et seq., CODE OF LAWS OF SOUTH CAROLINA, 1976, as amended (the ‘School Bond Act’), is restricted to the payment of debt service, my opinion is that it is not so restricted as herein below discussed.
Requested by: D. Laurence McIntosh, Esquire, Attorney at Law
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