Any municipality of this State may purchase or construct a waterworks system, water supply system, sewer system, sanitary disposal equipment and appliances, garbage and trash disposal systems including plants for solid waste transfer, reduction and recyclement, light plant or system, natural gas system, ice plants, power plants and distribution systems, gas plants, incinerator plants, hospitals, nursing home and care facilities, piers, docks, terminals, airports, toll bridges, ferries, drainage systems, city halls, courthouses, armories, fire stations and fire fighting vehicles, auditoriums, hotels, municipal buildings, theatres, community auditoriums and hotels, city halls and hotels, public markets, public recreation parks, swimming pools, golf courses, stadiums, school auditoriums, gymnasiums or teacherages, cemeteries, parking buildings, parking lots, curb markets or other public buildings or structures and in furtherance thereof may purchase or construct any necessary part of any such system, either within or without the limits of such county or the corporate limits of such city or incorporated town. A county may under this chapter develop a courthouse and office building combined or a courthouse and jail combined. Curb markets may be purchased or constructed alone or as a single system together with parking lots for vehicles or together with buildings for storage or for rental either as space or as stores or offices, or together with both such parking lots and buildings.
Provided, however, that notwithstanding any other provision of law, any bonds issued for financing a fire fighting vehicle pursuant to the provisions of this chapter shall be subject to a maximum maturity of not more than twenty-five years.
HISTORY: 1962 Code Section 59-365; 1952 Code Section 59-365; 1942 Code Section 9240; 1933 (38) 411; 1934 (38) 1306, 1392; 1935 (39) 494, 1088; 1949 (46) 103; 1950 (46) 1864; 1975 (59) 85; 1977 Act No. 213; 1978 Act No. 636.
Structure South Carolina Code of Laws
Chapter 21 - Revenue Bond Act For Utilities
Section 6-21-5. Transportation authorities; power to establish and finance.
Section 6-21-10. "Borrower" defined.
Section 6-21-20. "Governing body" defined.
Section 6-21-30. "Municipality" defined.
Section 6-21-40. "System" defined.
Section 6-21-45. Definition of "hospitals, nursing home and care facilities".
Section 6-21-50. Authorized public works which may be purchased or constructed.
Section 6-21-70. Joint projects.
Section 6-21-80. Improvement of existing system.
Section 6-21-90. Construction on private property.
Section 6-21-100. Construction and operation of works; acquisition of property.
Section 6-21-110. Condemnation of property.
Section 6-21-130. Option or contract of purchase.
Section 6-21-140. Estimate of cost of system.
Section 6-21-150. Estimate of repairs and betterments when existing works acquired.
Section 6-21-160. Ordinances or resolutions which may be adopted for purposes of chapter.
Section 6-21-180. Acceptance of Federal loans and grants.
Section 6-21-190. Bond issues authorized.
Section 6-21-200. Bonds shall not be subject to certain limitations.
Section 6-21-210. Bond issue must be authorized by ordinance or resolution.
Section 6-21-220. Terms, form and execution of bonds.
Section 6-21-230. Additional provisions as to form of bonds.
Section 6-21-250. Undelivered bonds executed by ex-officers shall be valid.
Section 6-21-260. Bonds shall be negotiable.
Section 6-21-270. Bonds shall be tax exempt.
Section 6-21-280. Sale of bonds.
Section 6-21-290. Bonds shall be legal investments.
Section 6-21-300. Deposit of and security for proceeds from bonds.
Section 6-21-310. Use of proceeds from bonds.
Section 6-21-320. Payment of bonds before maturities.
Section 6-21-330. Statutory lien of bondholders on system or project.
Section 6-21-340. Pledge of water revenues for water and sewer system.
Section 6-21-350. Enforcement of lien of bondholders.
Section 6-21-360. Appointment and powers of receiver.
Section 6-21-370. Additional bonds for further improvements.
Section 6-21-380. Revenue refunding bonds.
Section 6-21-390. Rates for service.
Section 6-21-400. Rates shall not be subject to regulations; permits shall not be required.
Section 6-21-410. Payment for service by borrower.
Section 6-21-420. Accounting basis of system or project.
Section 6-21-430. Custodian of Gross Revenues; Funds shall be In Form of Trust.
Section 6-21-440. Segregation of revenues to several funds.
Section 6-21-450. Payment of expenses of operation or maintenance from other funds.
Section 6-21-460. Bonds payable only from bond and interest redemption fund.
Section 6-21-470. Excess contributions to bond and interest redemption fund.
Section 6-21-480. Disposition of surplus in operation and maintenance fund.
Section 6-21-490. Disposition of surplus in depreciation fund.
Section 6-21-500. Disposition of surplus in contingent fund.
Section 6-21-510. Books and accounts; annual report; inspection.
Section 6-21-520. Limitation on obligation which may be incurred by municipality.
Section 6-21-530. Issuance of bonds without election or notice.
Section 6-21-540. Effect of former Public Works Administration Act.
Section 6-21-550. Effect of chapter on existing contracts and liens.