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The state legislature created the South Carolina Reclamation Bond to provide an investment vehicle for people interested in protecting the environment.
Why Should You Invest In South Carolina Reclamation Bonds?
These bonds offer investors a safe, low-risk opportunity to invest in environmentally friendly projects. They also help to fund clean water systems, wastewater treatment plants, stormwater management projects, and other environmental improvements.
How Do They Work?
To qualify as an investment bond, the project must meet specific requirements. First, the project must be located within the state of South Carolina. Second, the project must be designed to improve the quality of life in the area where it will be constructed. Third, the project must benefit the general public by improving drinking water supplies, increasing recreational opportunities, and reducing air pollution. Finally, the project must be financed through the issuance of tax-exempt bonds.
When Can I Buy Them?
You can buy them when they come due, usually between 20 and 30 years after they were issued. If you miss out on buying them, you can still invest in them by purchasing them before they mature.
Where Can I Find More Information?
To learn more about South Carolina reclamation bonds, visit the S.C. Department of Commerce website.
The state of South Carolina issues these bonds to finance projects that improve water quality and reduce pollution. They are backed by the full faith and credit of the State of South Carolina.
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