The obligation of the State to make sums available to school districts as provided under Section 59-21-320 shall be subordinate to the pledge made to secure the State school bonds authorized under Article 5 of Chapter 71 of this Title and the sinking fund created for their retirement. HISTORY: 1962 Code Section 21-273; 1952 Code Section 21-273; 1951 (47) 546; 1967 (55) 719.
South Carolina Legal Code