The authority may issue general obligation bonds or revenue bonds for the purpose of financing or refinancing, in whole or in part, the cost of the following projects:
(a) purchasing real estate;
(b) constructing, reconstructing, or improving any capital improvements; and
(c) operating and maintenance costs.
In connection with the issuance of bonds, the authority may enter into an agreement with a company to construct, operate, maintain, and improve a project, and the authority may enter into a financing agreement with the company prescribing the terms and conditions of the payments to be made by the company to the authority, or its assignee, to meet the payments that become due on bonds.
HISTORY: 1992 Act No. 515, Section 1, eff September 1, 1992; 1992 Act No. 518, Section 1, eff September 2, 1992.
CROSS REFERENCES
Right and power of Trident Economic Development Finance Authority to make loans or enter into contracts to facilitate projects or provide services described in this section, see Section 13-12-30.
Structure South Carolina Code of Laws
Title 13 - Planning, Research and Development
Chapter 12 - Trident Economic Development Finance Authority
Section 13-12-15. Referendum in nonparticipating county whether to participate in authority.
Section 13-12-20. Officers of governing board; committees; meetings; quorum.
Section 13-12-30. Rights and powers of board.
Section 13-12-70. Notice requirements with respect to hearing on bond issue.
Section 13-12-80. Public hearing.
Section 13-12-100. Notice of governing bodies' actions; call for election.
Section 13-12-110. Right to challenge action taken by county governing bodies.
Section 13-12-120. Manner of election; majority vote required.
Section 13-12-130. Issuance of bonds following authorization.
Section 13-12-150. Signature and attestation of bonds and interest coupons.
Section 13-12-180. Net earnings of authority not to inure to benefit of person other than authority.
Section 13-12-190. Carryover of unexpended funds from year to year.