For the payment of the principal and interest of all bonds issued pursuant to this article, as they respectively mature, and for the creation of such sinking fund as may be necessary therefor, the full faith, credit and taxing power of the special purpose district shall be irrevocably pledged, and there shall be levied annually by the auditor, and collected by the treasurer of the county in which the special purpose district is located, in the same manner as county taxes are levied and collected, a tax without limit on all taxable property in the special purpose district sufficient to pay the principal and interest of such bonds as they respectively mature and to create such sinking fund as may be necessary therefor. Such bonds may be additionally secured by a pledge of revenues derived from the undertaking to be financed and, if so additionally secured, the tax levy herein ordered shall be reduced to the extent that moneys for the payment of the principal or interest of such bonds shall be in the hands of the county treasurer on the occasion for the imposition of the tax levy herein otherwise ordered; provided, that the ad valorem tax levy shall also be reduced to the extent that there has been deposited with the county treasurer moneys derived from any revenues not pledged to additionally secure such bonds on the occasion in each year when the ad valorem tax levy is to be made, and in all instances where an annual tax levy is so reduced, the moneys derived from such unpledged revenues be applied to the payment of principal and interest of the bonds and to no other purpose.
HISTORY: 1962 Code Section 59-599.68; 1974 (58) 2787; 1975 (59) 268.
Structure South Carolina Code of Laws
Chapter 11 - Special Purpose Or Public Service Districts Generally
Section 6-11-10. Authority to establish special purpose or public service districts.
Section 6-11-20. Petition for formation of district.
Section 6-11-30. Call of election for establishment of district.
Section 6-11-40. Qualifications of voters.
Section 6-11-50. Place, managers and notice of election; declaration of result.
Section 6-11-60. Electors shall vote on establishment of district and on election of commissioners.
Section 6-11-80. Organization of and vacancies on commission.
Section 6-11-90. Record of meetings; compensation.
Section 6-11-91. Compensation and benefits for district governing bodies.
Section 6-11-92. Continuation of existing benefit plans.
Section 6-11-93. Compensation from two or more districts prohibited.
Section 6-11-100. General powers and duties of commissioners.
Section 6-11-101. Hospital districts; powers.
Section 6-11-105. Emergency ban on burning within a special purpose or public service district.
Section 6-11-110. Commissioners in certain counties may furnish services outside district.
Section 6-11-120. Filing of plat of district.
Section 6-11-130. Power of condemnation.
Section 6-11-140. Establishment of rates.
Section 6-11-150. Hearing prior to establishment of rates.
Section 6-11-160. Schedule of rates shall be kept on file.
Section 6-11-170. Lien for rates; suits therefor.
Section 6-11-175. Construction of elevated water storage facility; notice and hearing.
Section 6-11-180. Issue of bonds for construction or acquisition.
Section 6-11-190. Terms and amount of bonds.
Section 6-11-200. Election on bond issue on petition of resident electors.
Section 6-11-210. Issuance and sale of bonds; use of proceeds.
Section 6-11-220. Signature of bonds.
Section 6-11-230. Bonds shall be tax free.
Section 6-11-240. Maturity date of bonds issued by water or sewer districts.
Section 6-11-250. Government loans.
Section 6-11-260. Adoption of budget of district.
Section 6-11-270. Levy, collection and disbursement of taxes.
Section 6-11-271. Millage levy for special purpose district.
Section 6-11-273. Tax levy referendums.
Section 6-11-275. Increase in millage limitation; collection.
Section 6-11-276. Authority to borrow in anticipation of taxes.
Section 6-11-295. Violations; penalties.
Section 6-11-325. Financing construction of sewage collection lines.
Section 6-11-335. Additional members.
Section 6-11-351. Referendum request by governing body of special purpose district.
Section 6-11-352. Content and format of referendum question on ballot.
Section 6-11-353. Notice of referendum.
Section 6-11-354. Election of commissioners of district's governing body; procedures.
Section 6-11-410. Definitions.
Section 6-11-430. Exercise of powers by county board; public hearing.
Section 6-11-440. Notice of hearing.
Section 6-11-455. Levying of ad valorem taxes in overlap areas.
Section 6-11-460. Decision of county board.
Section 6-11-470. Publication of action of county board.
Section 6-11-480. Challenge of county board's decision in court.
Section 6-11-490. County board may authorize issuance of general obligation bonds.
Section 6-11-500. Manner in which bonds shall be issued.
Section 6-11-510. Maturity of bonds.
Section 6-11-520. Redemption of bonds before maturity.
Section 6-11-530. Form of bonds.
Section 6-11-540. Denominations and places of payment of bonds.
Section 6-11-550. Interest on bonds.
Section 6-11-560. Execution of bonds.
Section 6-11-570. Sale of bonds.
Section 6-11-580. Tax and pledge of taxing power for payment of bonds.
Section 6-11-590. Bonds exempt from taxes.
Section 6-11-600. Disposition of proceeds of bonds.
Section 6-11-610. Changes in district commissions pursuant to modification of districts.
Section 6-11-630. Powers to issue revenue bonds shall not be affected by article.
Section 6-11-640. Powers granted by article shall be cumulative.
Section 6-11-650. Exceptions to application of article.
Section 6-11-810. Definitions.
Section 6-11-830. Hearing on issuance of bonds.
Section 6-11-840. Notice of hearing.
Section 6-11-850. Proponents and opponents of bond issue shall be heard.
Section 6-11-860. Decision of board; inapplicability of certain provisions in event of election.
Section 6-11-870. Publication of action by board.
Section 6-11-880. Challenge of county board's decision in court.
Section 6-11-890. Special elections may be held.
Section 6-11-900. Manner in which bonds shall be issued.
Section 6-11-910. Maturity of bonds.
Section 6-11-920. Redemption of bonds before maturity.
Section 6-11-930. Form of bonds.
Section 6-11-940. Fully registered form of bonds; conversion privileges.
Section 6-11-950. Denominations and places of payment of bonds.
Section 6-11-960. Interest on bonds.
Section 6-11-970. Execution of bonds.
Section 6-11-980. Sale of bonds.
Section 6-11-990. Tax and pledge of taxing power and revenues for payment of bonds.
Section 6-11-1000. Bonds exempt from taxes.
Section 6-11-1010. Disposition of proceeds of bonds.
Section 6-11-1020. Power to issue revenue bonds shall not be affected by article.
Section 6-11-1030. Powers granted by article shall be cumulative.
Section 6-11-1040. Certain bond issues validated.
Section 6-11-1050. Issuance of additional revenue bonds.
Section 6-11-1210. Declaration of purpose.
Section 6-11-1220. Definitions.
Section 6-11-1230. Powers of commissions.
Section 6-11-1250. Regulations may be enforced by courts.
Section 6-11-1260. Manner in which powers conferred shall be exercised; special acts superseded.
Section 6-11-1410. Definitions.
Section 6-11-1420. Operations at scene of fire.
Section 6-11-1430. Evacuation from buildings adjacent to burning structure.
Section 6-11-1440. Notice of evacuation of local area.
Section 6-11-1450. Interference with operations of fire authority.
Section 6-11-1460. Emergency volunteer job protection.
Section 6-11-1610. Special purpose district, defined.
Section 6-11-1620. Notification requirement, form.
Section 6-11-1630. Notification by new districts; issuance of directory; effect of non-compliance.
Section 6-11-1650. Annual financial audit.
Section 6-11-1810. Authorization of mutual aid assistance.
Section 6-11-1830. Proper training and equipment required.
Section 6-11-1840. Article not to conflict with mutual aid agreements or contracts.
Section 6-11-2010. Definitions.
Section 6-11-2020. Dissolution referendum.
Section 6-11-2040. Contents of petition.
Section 6-11-2060. Petition to be forwarded to successor providers.
Section 6-11-2070. Authorization of referendum; when held.
Section 6-11-2080. Publication of notice of referendum; contents.
Section 6-11-2090. Where and when referendum held.
Section 6-11-2100. Contents and format of referendum question on ballot.
Section 6-11-2110. Filing of certificate of results.
Section 6-11-2120. Notice of approval to subsequent provider.
Section 6-11-2130. Adoption of confirming resolution or ordinance by successor provider.
Section 6-11-2140. Winding up of district affairs.
Section 6-11-2150. Cost of referendum.
Section 6-11-2510. Definitions.
Section 6-11-2520. Termination procedures; contents.
Section 6-11-2530. Third-party notification program.
Section 6-11-2540. Disconnection of service when public emergency exists.
Section 6-11-2550. Private right of action; duty of care.
Section 6-11-2720. Powers and duties.
Section 6-11-2730. Accept donations; cooperate with other agencies.