There is hereby created the New Horizons Development Authority, a body politic and corporate under the laws of this State, consisting of and governed by a board of appointed and ex officio members selected as provided in Section 13-11-20 and hereinafter referred to as the Authority. New Horizons Development Authority shall be constituted for a term of five years. At the end of five years the General Assembly may transfer the powers, responsibilities, liabilities and assets of the Authority to another State agency or agencies; but no obligation or contract of the Authority shall be impaired by such transfer. The full faith and credit of the State shall not be pledged to assure the performance of obligations so transferred.
HISTORY: 1962 Code Section 59-93.11; 1974 (58) 2301.
Structure South Carolina Code of Laws
Title 13 - Planning, Research and Development
Chapter 11 - New Horizons Development Authority
Section 13-11-20. Members of board; terms; vacancies.
Section 13-11-30. Meetings of board; quorum; compensation.
Section 13-11-50. Area of jurisdiction; acquisition of property outside area.
Section 13-11-80. Acquisition of property; power of eminent domain.
Section 13-11-90. Exchange of property; removal of buildings or other structures.
Section 13-11-100. Cooperation of other agencies.
Section 13-11-110. Authority to issue bonds; limitations and restrictions.
Section 13-11-120. Deposits and expenditures; use of funds; receipt of gifts.
Section 13-11-140. Exemption from taxation.
Section 13-11-150. Penalties for violations of rules and regulations.