Only the owner of real property may request by petition the governing body to create a district consisting of such real property and to impose assessments therein to defray the cost of improvements. The petition must:
(1) be signed by owners of all real property within the proposed district as of the date of submission of the petition;
(2) contain a legal description of such real property; and
(3) contain:
(a) an improvement plan;
(b) the projected time schedule for the accomplishment of the improvement plan;
(c) the estimated cost; and
(d) the amount of the cost to be derived from assessments or from bonds or other obligations secured by assessments, together with the proposed basis and rates of assessments to be imposed within the district.
HISTORY: 2008 Act No. 350, Section 1, eff upon approval (became law without the Governor's signature on June 17, 2008).
Structure South Carolina Code of Laws
Chapter 35 - Residential Improvement District Act
Section 6-35-10. Citation of chapter.
Section 6-35-30. Authority to exercise powers and provisions of chapter.
Section 6-35-40. Relation to existing powers.
Section 6-35-60. Issuance of special district bonds.
Section 6-35-70. Effect on bond-borrowing limit.
Section 6-35-90. Inclusion of existing improvements.
Section 6-35-95. Disclosure to prospective purchasers that property subject to assessment.
Section 6-35-100. Collection of improvement fees.
Section 6-35-110. Improvements to be funded by multiple districts; deposit in trust fund.
Section 6-35-115. Improvements pertaining to schools.
Section 6-35-118. Petition to create improvement district and impose assessment.
Section 6-35-130. Notice of public hearing; publication.
Section 6-35-160. Improvement as property of public entity; alteration and leasing.
Section 6-35-170. Ordinance creating district; findings; contents; notice of adoption.