A joint agency may incur debt for its purposes, which includes defraying the cost of a project, and may issue bonds pledging the revenues derived from all or any of its projects and additions and betterments or extensions or contributions or advances from its members to the payment of both principal and interest and other obligations. A joint agency may enter into, amend, and terminate agreements in the nature of forward supply agreements, agreements for the management of interest rate risks or risks posed by the fluctuation of the cost of gas supplies, agreements for the management of cash flow, and other similar agreements.
HISTORY: 2003 Act No. 8, Section 2, eff April 21, 2003.
Structure South Carolina Code of Laws
Section 6-24-30. Power to enter into agreements with other governmental entities.
Section 6-24-40. Creation of joint agency; finding of best interest; notice of adoption.
Section 6-24-60. Board of directors; election of officers; quorum; compensation.
Section 6-24-90. Executive committee.
Section 6-24-100. Rights and powers of joint agency.
Section 6-24-110. Contracts between joint agencies and governmental entities.
Section 6-24-120. Power to incur debt and enter into supply and financial management agreements.
Section 6-24-130. Assurance of payment of principal or interest on bonds.
Section 6-24-140. Issuance of bonds; use of proceeds.
Section 6-24-150. Trust agreements for issuance of bonds.
Section 6-24-160. Payment of bonds, expenses and other obligations; pledge and resulting lien.
Section 6-24-170. Investment of monies from bond.
Section 6-24-180. Enforcement of bonds.
Section 6-24-190. Bonds as investment securities.
Section 6-24-200. Investment in bonds by guardians and other fiduciaries.
Section 6-24-210. Bonds as special obligations; revenues pledged to payment.
Section 6-24-220. Issuance of refunding bonds.
Section 6-24-230. Rights of personnel.
Section 6-24-240. Annual report; audit.
Section 6-24-250. Contracts with federal and other state government agencies; grants and loans.
Section 6-24-260. Eminent domain.
Section 6-24-270. Immunity from personal liability.
Section 6-24-280. Relation of Chapter to existing laws.