South Carolina Code of Laws
Chapter 5 - South Carolina Water Quality Revolving Fund Authority Act
Section 48-5-20. Definitions.

As used in this chapter, unless a different meaning clearly appears from the context:
(1) "Agency" means the United States Environmental Protection Agency.
(2) "Authority" means the South Carolina Water Quality Revolving Fund Authority.
(3) "Bonds" means bonds, notes, debentures, interim certificates, commercial paper, bond, grant, or revenue anticipation notes, or any other evidence of indebtedness of the authority.
(4) "Clean Water Act" means the Federal Water Pollution Control Act, Chapter 26, Title 33, United States Code, as modified or amended, and any successor, substitute, or replacement provisions of law, and the rules and regulations promulgated under it.
(5) "Clean water fund" means the water pollution control revolving loan fund originally established pursuant to Section 48-6-20 and comprising monies derived from capitalization grants pursuant to the Clean Water Act and associated state match money, as well as repayments of all principal and interest on loans made from the clean water fund, investment earnings, and any other money committed to the clean water fund.
(6) "Department" means the South Carolina Department of Health and Environmental Control.
(7) "Drinking water fund" means the drinking water revolving loan fund established pursuant to Section 48-5-55, and comprising monies derived from capitalization grants pursuant to the Safe Drinking Water Act and associated state match money, as well as repayments of all principal and interest on loans made from the drinking water fund, investment earnings, and any other money committed to the drinking water fund.
(8) "Loan" means a loan from the authority to a project sponsor for the purpose of financing all or a portion of the cost of a project.
(9) "Loan agreement" means a written agreement between the authority and a project sponsor with respect to a loan.
(10) "Loan obligation" means a bond, note, or other evidence of obligation issued by a project sponsor to evidence its indebtedness under a loan agreement with respect to a loan.
(11) "Project" means:
(a) publicly-owned treatment works, or the capacity or rights to the capacity of a publicly-owned treatment work, including any devices and systems used in the storage, treatment, recycling, and reclamation of municipal sewage or industrial wastes of a liquid nature or necessary to recycle or reuse water at the most economical cost over the estimated life of the works, including intercepting sewers, outfall sewers, sewage collection systems, pumping, power, and other equipment and their appurtenances; extensions, improvements, remodeling, additions, and alterations thereof; elements essential to provide a reliable recycled supply such as standby treatment units; and any works, including site acquisition of the land that will be an integral part of the treatment process (including land used for the storage of treated wastewater in land treatment systems before land application), or is used for ultimate disposal of residues resulting from the treatment and any other method or system for preventing, abating, reducing, storing, treating, separating, or disposing of municipal waste, including stormwater runoff and waste in combined stormwater and sanitary sewer systems;
(b) management programs authorized under the Clean Water Act;
(c) development and implementation of a conservation and management plan authorized under the Clean Water Act;
(d) construction or improvements to drinking water supply, storage, treatment, and distribution facilities and associated costs authorized by the Safe Drinking Water Act; and
(e) other projects as the authority and the department determine are permissible uses of the clean water fund and the drinking water fund under the terms of the Clean Water Act and Safe Drinking Water Act, respectively, to the extent then applicable.
(12) "Project sponsor" means a county, municipality, special purpose or special service district, commissioners of public works, or any other public body or agency of the State which may own or operate a project; this term includes any combination of two or more of these entities acting jointly to construct, own, or operate a project. With respect to the drinking water fund, project sponsor also means a nonprofit corporation established under Title 33, Chapter 35.
(13) "Safe Drinking Water Act" means Title XIV of the Public Health Service Act, Title 42, United States Code, as modified or amended, and any successor, substitute, or replacement provisions of law, and the rules and regulations promulgated under it.
HISTORY: 1992 Act No. 513, Section 3; 1997 Act No. 41, Section 3.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 48 - Environmental Protection and Conservation

Chapter 5 - South Carolina Water Quality Revolving Fund Authority Act

Section 48-5-10. Short title.

Section 48-5-20. Definitions.

Section 48-5-30. South Carolina Water Quality Revolving Fund Authority created; membership of authority.

Section 48-5-40. Powers of authority.

Section 48-5-50. Continuation of existing fund; deposits to fund; use of funds.

Section 48-5-55. Drinking Water Revolving Loan Fund; deposits; use of funds.

Section 48-5-60. Authority of Department of Health and Environmental Control.

Section 48-5-70. Project sponsors authorized to borrow money from authority through loan agreements and loan obligations; contracts need not be identical among projects; application of other statutes permitting project sponsors to borrow money and is...

Section 48-5-80. Authority authorized to borrow money and issue bonds; requirements for issuing bonds.

Section 48-5-90. Authority authorized to pledge its revenues or funds to payment of bonds; other security for payment of bonds.

Section 48-5-100. Bonds payable solely from revenue, money, or property of authority; liability on bonds; statements required on face of bonds.

Section 48-5-110. Requirements for bonds; security for bonds.

Section 48-5-120. Pledge as valid and binding; lien of pledge; record of proceedings relative to issuance of bonds to be filed.

Section 48-5-130. Subsequent amendments not to affect prior agreements or vested rights.

Section 48-5-140. Authority exempt from taxes and assessments; bonds issued by authority free from taxation and assessments of every kind.

Section 48-5-150. Bonds as legal investments; bonds as securities.

Section 48-5-160. Annual report by the authority.

Section 48-5-170. Failure of project sponsor to make payment to authority; section not applicable to certain counties.

Section 48-5-180. Liberal construction of chapter; chapter contains all notice and security requirements; provisions of chapter controlling.

Section 48-5-190. Severability.