South Carolina Code of Laws
Chapter 40 - South Carolina Infrastructure Facilities Authority Act
Section 11-40-10. Short Title.

This chapter may be cited as the "South Carolina Infrastructure Facilities Authority Act".
HISTORY: 1994 Act No. 525, Section 2.

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 11 - Public Finance

Chapter 40 - South Carolina Infrastructure Facilities Authority Act

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.