Chapter 40 - South Carolina Infrastructure Facilities Authority Act

Chapter 40 - South Carolina Infrastructure Facilities Authority Act

Section 11-40-10. Short Title.
Section 11-40-20. South Carolina Infrastructure Facilities Authority; creation; membership; purpose.
Section 11-40-30. Definitions.
Section 11-40-40. Powers of authority.
Section 11-40-50. South Carolina Infrastructure Revolving Loan Fund; establishment; purpose; deposits to fund; use of monies in fund.
Section 11-40-60. Authority may make loans; loan commitments and option agreements; conditions for grant of loan; fees and charges.
Section 11-40-70. Receipt, distribution, and holding of funds by the authority.
Section 11-40-80. Local governments authorized to borrow money from authority through loan agreements and loan obligations; provisions of chapter not exclusive; additional contracts with authority.
Section 11-40-90. Authority to issue bonds; use of proceeds; requirements for issuance of bonds; Joint Bond Review Committee to establish priorities for funding of projects.
Section 11-40-100. Authority to pledge revenues, funds, or loan obligations to secure bonds.
Section 11-40-110. Bonds not debt or pledge of faith and credit of State or its political subdivisions other than the authority; statements to be contained on bonds.
Section 11-40-120. Bonds to be authorized by resolution; requirements for bonds.
Section 11-40-130. Trust indenture for securing bonds; provisions of bond resolution or trust indenture; bonds primarily secured by pool of obligations.
Section 11-40-140. Validity of pledge by authority; lien of pledge.
Section 11-40-150. Bonds made negotiable instruments.
Section 11-40-160. Bonds and income from bonds exempt from taxes and assessments.
Section 11-40-170. Bonds of authority made securities.
Section 11-40-180. Offer, sale, or issuance of bonds, notes, or other obligations not subject to regulation under Chapter 1, Title 35.
Section 11-40-190. Pledge of State not to impair rights and remedies of bondholders.
Section 11-40-200. Defaults by local governments; withholding of state funds; exceptions.
Section 11-40-210. Authority members, officers, or employees not subject to liability.
Section 11-40-220. Additional notices, proceedings, or publications not required; not subject to referendum.
Section 11-40-230. Deposit of money of authority; investment of funds.
Section 11-40-240. Annual reports; audit of books and accounts.
Section 11-40-250. Division of Local Government to assist authority; duties of Division.
Section 11-40-260. Chapter to be liberally construed; approval of bonds not required; provisions of Chapter control.
Section 11-40-270. Severability provision.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish