Trident Economic Development Finance Authority

  1. Law
  2. South Carolina Code of Laws
  3. Planning, Research and Development
  4. Trident Economic Development Finance Authority

Checkout our iOS App for a better way to browser and research.

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.