South Carolina Code of Laws
Chapter 19 - Midlands Authority
Section 13-19-70. Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.

The principal of and interest on bonds issued under this chapter are exempt from taxation, as provided in Section 12-2-50. All security agreements, indentures, and financing agreements made pursuant to the provisions of this chapter are exempt from state stamp and transfer taxes.
HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 13 - Planning, Research and Development

Chapter 19 - Midlands Authority

Section 13-19-10. Midlands Authority created; governing board; appointment and terms of board members; filling of vacancies.

Section 13-19-20. Board officers; committees; meetings; quorum.

Section 13-19-30. Rights and powers of board.

Section 13-19-35. Area in which authority may exercise powers and duties.

Section 13-19-40. Authority to issue bonds; financing agreements with respect to construction, operation, maintenance, and improvement of projects.

Section 13-19-45. Issuance of revenue bonds, and financing agreements, with respect to particular projects.

Section 13-19-50. Resolution by board authorizing issuance of revenue bonds.

Section 13-19-60. Terms and particulars pertaining to bonds.

Section 13-19-70. Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.

Section 13-19-80. Bond issue approval; proposal; disposition of proposal.

Section 13-19-90. Signature and attestation of bonds and interest coupons.

Section 13-19-100. Sale of bonds upon terms and conditions set by State Fiscal Accountability Authority.

Section 13-19-110. Description of financial obligations to be filed with State Treasurer.

Section 13-19-120. Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.

Section 13-19-130. Limited obligation of bonds; state not to incur liability; security; trustee under security agreement or indenture.

Section 13-19-140. Investment of funds by state treasurer; net earnings.

Section 13-19-150. Carryover of unexpended funds from year to year.

Section 13-19-160. Determinations required to be made by authority prior to undertaking projects; terms which must be included in financing agreement between authority and company with respect to projects.

Section 13-19-170. Disposition of proceeds of sale of bonds; what constitutes cost of acquiring project.

Section 13-19-180. Regulations promulgated by authority to be in accord with Title 1, Chapter 23.

Section 13-19-190. Establishment of profit or not-for-profit corporations to carry out purposes of chapter; grants and loans; loan guarantees and limitations of liability.

Section 13-19-200. Tax exemption of authority property; payment in lieu of taxes.

Section 13-19-210. Purposes for which authority is or is not "agency," "state agency," or state institution.

Section 13-19-220. Severability.

Section 13-19-230. Chapter not to affect generation, transmission, distribution, or provision of electricity at wholesale, retail, or otherwise.