The authority may issue bonds only for the purpose of refunding bonds of the authority issued before December 31, 1992, or for the purpose of refunding these refunding bonds. The total principal amount of bonds of the authority outstanding at any one time may not exceed the sum of sixty million dollars.
HISTORY: 1988 Act No. 682, Section 2; 1994 Act No. 525, Section 3.
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 Chapter repealed when all bonds are retired.