Whether or not the bonds of the authority are of such form and character as to be negotiable instruments, the bonds are made negotiable instruments within the meaning of and for all the purposes of the law of this State.
HISTORY: 1994 Act No. 525, Section 2.
Structure South Carolina Code of Laws
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 11-40-70. Receipt, distribution, and holding of funds by the authority.
Section 11-40-100. Authority to pledge revenues, funds, or loan obligations to secure bonds.
Section 11-40-120. Bonds to be authorized by resolution; requirements for bonds.
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 11-40-190. 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 11-40-230. 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.