A joint system may provide by resolution for the issuance of refunding bonds of the joint system for the purpose of refunding outstanding bonds that have been issued under the provisions of this chapter, including the payment of any redemption premium and interest accrued or to accrue to the date of redemption of the bond. The issuance of the bonds, their maturities, and other details, the rights of their holders, and the rights, duties, and obligations of the joint system in respect to the bonds are governed by the provisions of this chapter that relate to the issuance of bonds.
HISTORY: 1986 Act No. 456, Section 6; 2007 Act No. 59, Section 1, eff June 6, 2007.
Effect of Amendment
The 2007 amendment made nonsubstantive changes.
Structure South Carolina Code of Laws
Chapter 25 - Joint Authority Water And Sewer Systems Act
Section 6-25-5. Legislative findings.
Section 6-25-25. Authority to purchase, construct, etc., facilities.
Section 6-25-30. Creation of joint systems.
Section 6-25-35. Extension of provisions applicable to water.
Section 6-25-40. Notice of ordinance or resolution creating system; objections; exception.
Section 6-25-70. Change in membership of joint system.
Section 6-25-80. Dissolution of system.
Section 6-25-100. Powers of joint system.
Section 6-25-110. Authorization to incur debt and issue bonds.
Section 6-25-112. Trust agreements or resolutions providing for issuance of bonds.
Section 6-25-113. Revenues from which bonds payable; statement of restriction.
Section 6-25-114. Issuance of refunding bonds.
Section 6-25-115. Financing pools and construction notes.
Section 6-25-120. Repayment of notes, obligations, or bonds.
Section 6-25-125. Charges for services; pledges.
Section 6-25-126. Temporary investment of funds pending disbursements.
Section 6-25-127. Enforcement of bondholder and construction note holder rights.
Section 6-25-128. Contracts between authority and joint system; duration.
Section 6-25-129. Governmental functions; state tax exemption.
Section 6-25-130. Employment or appointment of personnel; rights, privileges, and benefits.
Section 6-25-140. Annual system audit; reports.
Section 6-25-145. Investment by fiduciaries in bonds and construction notes.
Section 6-25-150. Contracts with federal and state government and agencies.
Section 6-25-155. Bonds, interest coupons and construction notes as investment securities.
Section 6-25-160. Tax status of evidences of indebtedness issued by joint system.