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Section 11-40-10. Short Title. - This chapter may be cited as the "South Carolina Infrastructure...
Section 11-40-20. South Carolina Infrastructure Facilities Authority; creation; membership; purpose. - (A) There is created a body corporate and politic and...
Section 11-40-30. Definitions. - As used in this chapter, unless a different meaning clearly...
Section 11-40-40. Powers of authority. - In addition to the powers set forth elsewhere in this...
Section 11-40-50. South Carolina Infrastructure Revolving Loan Fund; establishment; purpose; deposits to fund; use of monies in fund. - (A) There is established the South Carolina Infrastructure Revolving Loan...
Section 11-40-60. Authority may make loans; loan commitments and option agreements; conditions for grant of loan; fees and charges. - (A) The authority may make loans to a local government...
Section 11-40-70. Receipt, distribution, and holding of funds by the authority. - The authority may receive funds from federal, state, or other...
Section 11-40-80. Local governments authorized to borrow money from authority through loan agreements and loan obligations; provisions of chapter not exclusive; additional contracts with authority. - (A) All local governments are authorized to borrow money from...
Section 11-40-90. Authority to issue bonds; use of proceeds; requirements for issuance of bonds; Joint Bond Review Committee to establish priorities for funding of projects. - (A) The authority has the power and is authorized from...
Section 11-40-100. Authority to pledge revenues, funds, or loan obligations to secure bonds. - The authority may pledge any of its revenues or funds...
Section 11-40-110. Bonds not debt or pledge of faith and credit of State or its political subdivisions other than the authority; statements to be contained on bonds. - Bonds issued by the authority are not a debt or...
Section 11-40-120. Bonds to be authorized by resolution; requirements for bonds. - The bonds of the authority must be authorized by a...
Section 11-40-130. Trust indenture for securing bonds; provisions of bond resolution or trust indenture; bonds primarily secured by pool of obligations. - (A) Bonds may be secured by a trust indenture between...
Section 11-40-140. Validity of pledge by authority; lien of pledge. - A pledge made by the authority is valid and binding...
Section 11-40-150. Bonds made negotiable instruments. - Whether or not the bonds of the authority are of...
Section 11-40-160. Bonds and income from bonds exempt from taxes and assessments. - The authority is performing an essential governmental function in the...
Section 11-40-170. Bonds of authority made securities. - The bonds of the authority are made securities in which...
Section 11-40-180. Offer, sale, or issuance of bonds, notes, or other obligations not subject to regulation under Chapter 1, Title 35. - The offer, sale, or issuance of bonds, notes, or other...
Section 11-40-190. Pledge of State not to impair rights and remedies of bondholders. - This State pledges to and agrees with the holders of...
Section 11-40-200. Defaults by local governments; withholding of state funds; exceptions. - (A) If a local government fails to collect and remit...
Section 11-40-210. Authority members, officers, or employees not subject to liability. - Neither the members of the authority nor any officer or...
Section 11-40-220. Additional notices, proceedings, or publications not required; not subject to referendum. - No notice, proceeding, or publication except those required in this...
Section 11-40-230. Deposit of money of authority; investment of funds. - All money of the authority, except as otherwise authorized by...
Section 11-40-240. Annual reports; audit of books and accounts. - Following the close of each fiscal year, the authority shall...
Section 11-40-250. Division of Local Government to assist authority; duties of Division. - The Division of Local Government of the State Rural Infrastructure...
Section 11-40-260. Chapter to be liberally construed; approval of bonds not required; provisions of Chapter control. - This chapter, being for the welfare of this State and...
Section 11-40-270. Severability provision. - If any provision of this chapter is held or determined...