The governing bodies of the participating counties are empowered to authorize the authority to issue general obligation bonds whose proceeds must be used in furtherance of any power of the authority under the procedures prescribed in this chapter. If, upon its own finding or upon petition of the authority, a participating county's governing body shall determine that it may be in the interest of the authority to raise moneys for the furtherance of any power of the authority, it shall order a public hearing to be held upon the question of the issuance of bonds of the authority. Two or more of the county governing bodies may elect to jointly hold the public hearing required by this section.
HISTORY: 1992 Act No. 515, Section 1, eff September 1, 1992; 1992 Act No. 518, Section 1, eff September 2, 1992.
CROSS REFERENCES
Requirement that bonds issued following authorization given under this and subsequent sections be issued in accordance with provisions of Sections 6-11-900 through 6-11-1010, see Section 13-12-130.
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.