South Carolina Code of Laws
Chapter 21 - Edisto Development Authority
Section 13-21-210. Tax exemption of Authority property; payment in lieu of taxes.

The property of the authority is not subject to any taxes or assessments, but the authority shall negotiate a payment in lieu of taxes with the appropriate taxing authorities.
HISTORY: 1992 Act No. 515, Section 5, 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 21 - Edisto Development Authority

Section 13-21-10. Edisto Development Authority created; governing board; appointment and terms of board members; filling of vacancies.

Section 13-21-20. Board officers; committees; meetings; quorum.

Section 13-21-30. Rights and powers of board.

Section 13-21-40. Area in which authority may exercise powers and duties.

Section 13-21-50. Authority to issue bonds; financing agreements with respect to construction, operation, maintenance, and improvement of projects.

Section 13-21-60. Resolution by board authorizing issuance of revenue bonds.

Section 13-21-70. Terms and particulars pertaining to bonds.

Section 13-21-80. Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.

Section 13-21-90. Bond issue approval; proposal; disposition of proposal.

Section 13-21-100. Signature and attestation of bonds.

Section 13-21-110. Sale of bonds upon terms and conditions set by State Fiscal Accountability Authority.

Section 13-21-120. Description of financial obligations to be filed with State Treasurer.

Section 13-21-130. Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.

Section 13-21-140. Limited obligation of bonds; state not to incur liability; security; trustee under security agreement or indenture.

Section 13-21-150. Investment of funds by state treasurer; net earnings.

Section 13-21-160. Carryover of unexpended funds from year to year.

Section 13-21-170. Determinations required to be made by authority prior to undertaking projects; terms which must be included in financing agreement.

Section 13-21-180. Disposition of proceeds of sale of bonds; costs associated with project.

Section 13-21-190. Regulations promulgated by authority to be in accord with Title 1, Chapter 23.

Section 13-21-200. Establishment of profit or not-for-profit corporations to carry out purposes of chapter; grants and loans; loan guarantees and limitations of liability.

Section 13-21-210. Tax exemption of Authority property; payment in lieu of taxes.

Section 13-21-220. Purposes for which authority is or is not "agency," "state agency," or state institution.

Section 13-21-230. Severability.

Section 13-21-240. Chapter not to affect generation, transmission, distribution, or provision of electricity at wholesale, retail, or otherwise.