The income, profit, or assets of a joint system may not inure to the benefit of an individual or private entity, except for a joint authority water and sewer system created under this chapter.
HISTORY: 1999 Act No. 113, Section 3; 2007 Act No. 59, Section 1, eff June 6, 2007.
Effect of Amendment
The 2007 amendment added ", except for a joint authority water and sewer system created under this chapter", and 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.