The proceeds derived from the sale of state highway bonds shall be applied only to the purposes set forth in the resolution of the State Fiscal Accountability Authority pursuant to which the bonds are issued.

HISTORY: 1962 Code Section 33-280.9; 1972 (57) 3088; 1993 Act No. 181, Section 1524.

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.