If the board of directors of a joint agency and the governing body of each of its members determine by resolution that the purposes for which the joint agency was formed have been fulfilled substantially and that all bonds issued and all other obligations incurred by the joint agency have been paid or satisfied fully, the board of directors and members may declare the joint agency to be dissolved. On the effective date of the resolution, title to all funds and other property owned by the joint agency at the time of the dissolution must be disbursed to the members of the joint agency according to its bylaws.
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.