Chapter 12 - Trident Economic Development Finance Authority

Chapter 12 - Trident Economic Development Finance Authority

Section 13-12-10. Authority created; jurisdictional area; governing body; selection and terms of members; filling of vacancies.
Section 13-12-15. Referendum in nonparticipating county whether to participate in authority.
Section 13-12-20. Officers of governing board; committees; meetings; quorum.
Section 13-12-30. Rights and powers of board.
Section 13-12-40. Authority may issue general obligation or revenue bonds; agreements for construction, operation, maintenance, or improvement of project; financing agreements.
Section 13-12-50. Resolution of board authorizing bonds; provisions of resolution become part of contract between authority and bondholders.
Section 13-12-60. Governing bodies of participating counties may authorize authority to issue general obligation bonds; public hearing requirement.
Section 13-12-70. Notice requirements with respect to hearing on bond issue.
Section 13-12-80. Public hearing.
Section 13-12-90. Finding and ordinance; authorization by governing bodies of participating counties whether and to what extent to issue bonds.
Section 13-12-100. Notice of governing bodies' actions; call for election.
Section 13-12-110. Right to challenge action taken by county governing bodies.
Section 13-12-120. Manner of election; majority vote required.
Section 13-12-130. Issuance of bonds following authorization.
Section 13-12-140. Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.
Section 13-12-150. Signature and attestation of bonds and interest coupons.
Section 13-12-160. Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.
Section 13-12-170. General obligation bonds secured by full faith and credit and taxing power; revenue bonds of limited obligation; security; trustee of security agreement or indenture.
Section 13-12-180. Net earnings of authority not to inure to benefit of person other than authority.
Section 13-12-190. Carryover of unexpended funds from year to year.
Section 13-12-200. Determinations required to be made by authority prior to undertaking projects; determinations to be set forth in record of proceedings.
Section 13-12-210. Disposition of proceeds from sale of bonds; what constitutes cost of acquiring project.
Section 13-12-220. Implementation contingent upon vote of electors in two or more of affected counties.
Section 13-12-230. Act not to affect generation, transmission, distribution, or provision of electricity at wholesale, retail, or otherwise.

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