South Carolina Transportation Infrastructure Bank Act

  1. Law
  2. South Carolina Code of Laws
  3. Public Finance
  4. South Carolina Transportation Infrastructure Bank Act

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Section
11-43-110

Short title.

Section
11-43-120

Creation of South Carolina Transportation Infrastructure Bank; board of directors; corporate purpose; accounts.

Section
11-43-130

Definitions.

Section
11-43-140

Board of directors; members; terms; vacancies.

Section
11-43-150

Powers of bank; limitations.

Section
11-43-160

Sources for capitalization and purposes of bank; use of state highway account revenues.

Section
11-43-165

Repealed.

Section
11-43-167

Fees and fines credited to the State Highway Fund.

Section
11-43-170

Earnings on federal and state accounts; establishment of accounts and subaccounts; commingling of funds, compliance with federal law.

Section
11-43-180

Loans and other financial assistance; approval by Joint Bond Review Committee; term; financing agreement; terms and conditions; selection of projects, preference, considerations.

Section
11-43-190

Financing agreements; application of other statutes or provisions; obligations secured by ad valorem taxes; security interest in project revenues; expenditure of proceeds.

Section
11-43-200

Exemption from taxes or assessments.

Section
11-43-210

Failure of governmental unit to remit amounts due; withholding of funds.

Section
11-43-220

Liability.

Section
11-43-230

Notice, proceeding, or publication not necessary; bank not subject to referendum.

Section
11-43-240

Deposit and investments.

Section
11-43-250

Annual report; audit of books and accounts.

Section
11-43-260

Liberal construction.

Section
11-43-265

Prioritization of projects.

Section
11-43-270

Severability of provisions.

Section
11-43-310

Definitions.

Section
11-43-315

Issuance of bonds; review and approval of Joint Bond Review Committee.

Section
11-43-320

Pledges of revenue or funds to bond payment; bonds secured by pledge.

Section
11-43-330

Bonds not debt or pledge of full faith and credit of State; personal liability; statement.

Section
11-43-340

Bonds authorized by resolution; execution; payability; other provisions; interest; public or private sale, price; time of issuance.

Section
11-43-350

Trust indenture.

Section
11-43-360

Validity of pledge; lien; recording or filing of resolution not necessary; filing of record of issuance proceedings.

Section
11-43-370

Purchase of outstanding bonds; price.

Section
11-43-380

Form and execution of bonds.

Section
11-43-390

Members or officers ceasing to be members before delivery of bonds; validity of signatures.

Section
11-43-400

Vested rights; application of subsequent amendments to this article.

Section
11-43-410

Exemption from taxation and assessment.

Section
11-43-420

Bonds legal investments, securities.

Section
11-43-510

Definitions.

Section
11-43-520

Request for issuance of transportation infrastructure bonds; contents.

Section
11-43-530

Review of request; approval of bonds or bond anticipation notes.

Section
11-43-540

Limitations; review by Joint Bond Review Committee; payment of principal and interest.

Section
11-43-550

Pledge of full faith, credit, taxing power, and other revenue of State for payment of principal and interest; allocation of tax revenues.

Section
11-43-560

Request for issuance of transportation infrastructure bonds; resolution, contents.

Section
11-43-570

Issuance of bonds.

Section
11-43-580

Form, denominations, provisions of bonds.

Section
11-43-590

Issuance as fully registered bonds; transfer.

Section
11-43-600

Interest; redemption.

Section
11-43-610

Exemption from taxes or assessments.

Section
11-43-620

Sale upon sealed proposals; notice; awarding of bonds; rejection, readvertising.

Section
11-43-630

Application of proceeds.