S.C. Code § 48-23-135

Current through 2024 Act No. 225.

Section 48-23-135 - Authorization to borrow; amount and terms

In order to finance the cost of acquiring land for use as a second generation tree seed orchard, additional seedling production facilities, and field offices, the State Forestry Commission may borrow from one or more financial institutions or from whatever other source is appropriate not exceeding two million dollars for a period of time as needed, not exceeding twenty years, and upon the terms and conditions the commission, with the approval of the State Fiscal Accountability Authority, agrees upon.

1988 Act No. 658, Part II, Section 44; 1987 Act No. 170, Part II, Section 46; 1983 Act No. 66, Section 1.

Code Commissioner's Note

At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.