During the existence of the special tax allocation fund created pursuant to this chapter, funds not otherwise expended may be carried forward from year to year to be applied to future years' obligations and redevelopment costs and are not surplus funds subject to distribution pursuant to the provisions of Sections 31-12-200 through 31-12-320 unless determined otherwise by resolution of the authority.
HISTORY: 1994 Act No. 462, Section 1; 1998 Act No. 421, Section 1; 2004 Act No. 316, Section 4.
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.