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South Carolina Utility Bond (Combined Utility System)

South Carolina Utility Bond (Combined Utility System)

In the state of South Carolina a Utility Deposit Bond is often required. This Bond is accepted as a replacement to a cash deposit and states that the applicant (Principal) has entered into contract to be supplied utilities. The Bond states the applicant will comply fully with the terms of their contract and will pay fully and promptly for any and all services received.