There is created a body politic and corporate known as the South Carolina Resources Authority. The authority is declared to be a public instrumentality of the State and the exercise by it of any power conferred in this chapter is the performance of an essential public function. The authority consists of the members of the State Fiscal Accountability Authority.
HISTORY: 1988 Act No. 682, Section 2; 2014 Act No. 121 (S.22), Pt VII, Section 20.E, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 20.E, substituted "Fiscal Accountability Authority" for "Budget and Control Board".
Structure South Carolina Code of Laws
Chapter 37 - South Carolina Resources Authority Act
Section 11-37-10. Citation of chapter.
Section 11-37-20. Definitions.
Section 11-37-30. South Carolina Resources Authority created.
Section 11-37-45. Funds; transfer of personnel.
Section 11-37-50. Powers of authority.
Section 11-37-60. Authority only to issue refunding bonds; maximum amount of bonds.
Section 11-37-80. Bonds may be secured by pledge.
Section 11-37-90. Bonds as debt of authority only.
Section 11-37-100. Bonds to be authorized by resolution of authority.
Section 11-37-105. Jobs Economic Development Authority to be reimbursed for expenses.
Section 11-37-110. Trust indenture.
Section 11-37-120. Validity of lien of pledge; recording or filing not required.
Section 11-37-130. Purchase of outstanding bonds.
Section 11-37-140. Form and manner of execution of bonds to be prescribed by authority.
Section 11-37-150. Signatures of former members or officers of authority.
Section 11-37-160. Amendments to chapter may not limit vested rights.
Section 11-37-170. Capital reserve funds.
Section 11-37-180. Purchase of local obligations.
Section 11-37-190. State grants.
Section 11-37-200. Water Resources Coordinating Council established.
Section 11-37-210. Tax exempt status of authority.
Section 11-37-220. Bonds as legal investments and securities.
Section 11-37-230. State Treasurer to invest monies of authority.
Section 11-37-240. Annual report.
Section 11-37-250. Construction of chapter.
Section 11-37-260. State Treasurer may withhold monies from defaulting local governments.
Section 11-37-270. Legislative declaration of intent.
Section 11-37-280. Chapter repealed when all bonds are retired.