All revenues derived by the commission from the operation of any revenue-producing facility which may not be required to operate, maintain, enlarge and improve its airport facilities, or to pay obligations incurred in the issuance of any revenue bonds sold pursuant to the authorizations of item (19), Section 55-11-340, shall be paid over to the State Treasurer, and held by him for the payment of interest and principal of general obligation bonds of the district.
HISTORY: 1962 Code Section 2-390.17; 1961 (52) 53; 1962 (52) 1660; 2012 Act No. 270, Section 5, eff June 18, 2012.
Effect of Amendment
The 2012 amendment made nonsubstantive changes.
Structure South Carolina Code of Laws
Chapter 11 - Particular Airports
Section 55-11-10. Powers of board of trustees.
Section 55-11-110. Greenville-Spartanburg Airport District created.
Section 55-11-120. Greenville-Spartanburg Airport Commission created; membership; terms; vacancies.
Section 55-11-130. Commission officers; commissioners' expenses.
Section 55-11-140. Powers and duties of Commission.
Section 55-11-150. Issuance of revenue bonds.
Section 55-11-160. Disposition of unpledged revenues.
Section 55-11-170. Rates not subject to State supervision or regulations.
Section 55-11-180. Property and income exempt from taxes.
Section 55-11-185. Airport district property may not be annexed; conditions.
Section 55-11-190. Obligations not to be impaired.
Section 55-11-200. Contributions by counties equalized.
Section 55-11-220. Property not barrier to contiguity for annexation purposes.
Section 55-11-310. Richland-Lexington Airport District created.
Section 55-11-330. Officers of Commission.
Section 55-11-340. Powers and duties of Commission.
Section 55-11-370. Rates not subject to State supervision or regulation.
Section 55-11-380. Exemption from taxes.
Section 55-11-390. Obligations not to be impaired.
Section 55-11-400. Richland and Lexington Counties to furnish funds to Airport Commission.
Section 55-11-410. Annual appropriations; defaults.
Section 55-11-420. Exceptions.
Section 55-11-430. Omitted by 2012 Act No. 270, Section 5, eff June 18, 2012.
Section 55-11-500. Definitions.
Section 55-11-520. Issuance of general obligation bonds; conditions to issuance.
Section 55-11-610. Pee Dee Regional Airport District created.
Section 55-11-630. Powers and duties of Authority.
Section 55-11-650. Revenue; bonds.
Section 55-11-660. Disposition of revenues derived from facilities.
Section 55-11-670. Rates not subject to State supervision or regulation.
Section 55-11-680. Exemption from taxes.
Section 55-11-690. Obligations not to be impaired.
Section 55-11-700. Exceptions.
Section 55-11-710. Counties and City of Florence not liable.
Section 55-11-720. Electric utilities and suppliers unaffected.
Section 55-11-730. Annexation of district property by City of Florence.