Nothing contained in the provisions of this chapter, at any time or in any manner, shall involve the credit and taxing power of the State, or of any of its political subdivisions; nor shall any of the securities or other evidences of indebtedness authorized to be issued in and by this chapter ever be or constitute obligations of the State or any of its political subdivisions; nor shall the State or any of its political subdivisions ever be liable or responsible, in any way, for the payment of the principal or interest of or on a security or another evidence of indebtedness.
HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
Structure South Carolina Code of Laws
Title 13 - Planning, Research and Development
Chapter 17 - South Carolina Research Authority
Section 13-17-10. Establishment of South Carolina Research Authority.
Section 13-17-20. South Carolina Research Authority; divisions; objectives.
Section 13-17-40. Members of board; terms; vacancies; compensation; annual reports; meetings.
Section 13-17-50, 13-17-60. Reserved.
Section 13-17-70. Powers of board of trustees.
Section 13-17-80. Board of trustees to exercise power of authority; exceptions; quorum.
Section 13-17-81. "Research park" defined.
Section 13-17-85. Confidentiality.
Section 13-17-88. Target programs of excellence; Industry Partnership Fund.
Section 13-17-89. Prohibition on pledging credit of State.
Section 13-17-90. Exemption from taxation.
Section 13-17-100. State not obligated, liable, or responsible.
Section 13-17-130. Assistance to public and private universities.
Section 13-17-140. Identification of common interest areas; promotion of universities.
Section 13-17-150. Establishment of statewide professional research organization.
Section 13-17-160. Restrictions on authority.
Section 13-17-170. Exemption of authority and its employees from certain Code provisions.
Section 13-17-180. Not-for-profit corporations; powers and limitations; annual audit.