South Carolina Code of Laws
Chapter 43 - South Carolina Transportation Infrastructure Bank Act
Section 11-43-570. Issuance of bonds.

Following receipt of a certified copy of the resolution of the state board the Governor and State Treasurer shall issue transportation infrastructure bonds in accordance with the provisions of the resolution of the state board.
HISTORY: 1997 Act No. 148, Section 2.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 11 - Public Finance

Chapter 43 - South Carolina Transportation Infrastructure Bank Act

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 Repealed.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.