Upon creation of a redevelopment authority by the Governor, properties scheduled for disposal within a particular municipality, whether contiguous or not, including to the extent that the State may then or afterwards have or acquire jurisdiction, all properties over which the State has ceded jurisdiction in whole or in part to the United States of America, and including both the real property to be disposed of by an authority as well as any other properties disposed of directly by the federal government to public or private persons or entities, other than disposal to the federal government for other federal defense uses, in connection with military installation closure and realignment or other federal defense site closure, realignment, or drastic downsizing, without further action being necessary, constitute a tax increment finance district in accordance with the remaining provisions of this chapter.
HISTORY: 1994 Act No. 462, Section 1; 1998 Act No. 421, Section 1.
Structure South Carolina Code of Laws
Title 31 - Housing and Redevelopment
Chapter 12 - Redevelopment Of Federal Military Installations And Other Defense Sites
Section 31-12-10. Short title.
Section 31-12-20. Legislative findings.
Section 31-12-30. Definitions.
Section 31-12-40. Redevelopment authorities; creation; membership.
Section 31-12-60. Officers; employees; quorum; personal liability of members; delegation of powers.
Section 31-12-70. Powers of redevelopment authority.
Section 31-12-80. Powers of public body acting in cooperation with redevelopment authority.
Section 31-12-90. Profits prohibited.
Section 31-12-100. Dissolution of redevelopment authority; tax increment finance districts.
Section 31-12-110. Authority is an "agency".
Section 31-12-120. Compliance with Consolidated Procurement Code.
Section 31-12-200. Property scheduled for disposal to constitute a tax increment finance district.
Section 31-12-210. Issuance of obligations for redevelopment project by municipality.
Section 31-12-250. Disposition of proceeds of obligations.
Section 31-12-260. Obligations exempt from taxation.
Section 31-12-280. Prerequisites to issuance of obligations.
Section 31-12-290. Special tax allocation fund; carrying forward of unexpended funds.
Section 31-12-310. Disposition of revenues.
Section 31-12-320. Joint approval of redevelopment plan covering more than one municipality.