South Carolina Infrastructure Facilities Authority Act

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  2. South Carolina Code of Laws
  3. Public Finance
  4. South Carolina Infrastructure Facilities Authority Act

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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.