All net revenues derived from the Project, whose disposition the Authority shall not have covenanted to otherwise dispose of, or which it shall not need for repairs, improvements, additions or extensions, shall be disposed of as follows:
(1) Fifty per cent shall be paid to the treasurer of Berkeley County and applied by him to corporate purposes of Berkeley County; and
(2) Fifty per cent shall be paid to the treasurer of the city of Charleston and applied by him to corporate purposes of the city of Charleston.
HISTORY: 1962 Code Section 70-404; 1953 (48) 464.
Structure South Carolina Code of Laws
Title 49 - Waters, Water Resources and Drainage
Chapter 7 - Bushy Park Authority
Section 49-7-10. Bushy Park Authority created; functions generally; "Project" defined.
Section 49-7-20. Members of Authority; appointment, qualifications, terms, vacancies.
Section 49-7-30. Members of Authority; per diem and mileage.
Section 49-7-40. Officers of Authority.
Section 49-7-50. Secretary shall file certificates with clerks of court.
Section 49-7-70. Powers of Authority.
Section 49-7-80. Sale of electricity or electric power prohibited.
Section 49-7-90. Chapter does not affect Santee Cooper Project.
Section 49-7-100. Rates not subject to state supervision or regulation.
Section 49-7-110. Property exempt from taxes.
Section 49-7-120. Fiscal year; audits; annual reports.
Section 49-7-130. Unlawful acts; penalties.