South Carolina Code of Laws
Chapter 25 - Joint Authority Water And Sewer Systems Act
Section 6-25-155. Bonds, interest coupons and construction notes as investment securities.

Whether or not the bonds and interest coupons appertaining to them and construction notes are of a form and character as to be investment securities under Chapter 8 of Title 36, all bonds and interest coupons appertaining to them and construction notes issued under this chapter are hereby made investment securities within the meaning of and for all the purposes of Chapter 8 of Title 36, subject only to the provisions of the bonds and construction notes pertaining to registration.
HISTORY: 1986 Act No. 456, Section 9; 1999 Act No. 113, Section 19; 2007 Act No. 59, Section 1, eff June 6, 2007.
Effect of Amendment
The 2007 amendment reprinted this section with no apparent change.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions

Chapter 25 - Joint Authority Water And Sewer Systems Act

Section 6-25-5. Legislative findings.

Section 6-25-10. Short title.

Section 6-25-20. Definitions.

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 6-25-50. Agreement as to number of commissioners each member may appoint; application filed with Secretary of State; corporate certificate.

Section 6-25-60. Joint system to be managed and controlled by commission; appointment of commissioners; oath; records; seal; quorum; vacancies; expenses.

Section 6-25-70. Change in membership of joint system.

Section 6-25-80. Dissolution of system.

Section 6-25-90. Executive committee; composition; powers; terms of office; vacancies; filing notice of change with Secretary of State.

Section 6-25-100. Powers of joint system.

Section 6-25-110. Authorization to incur debt and issue bonds.

Section 6-25-111. Issuance, sale, and execution of bonds; use of proceeds; issuance of temporary bonds; replacement of 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 6-25-131. Restriction as to who may benefit from joint system income, profit or assets; exception.

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.

Section 6-25-170. Construction of chapter.