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Section 11-43-110. Short title. - This chapter may be referred to as the "South Carolina...
Section 11-43-120. Creation of South Carolina Transportation Infrastructure Bank; board of directors; corporate purpose; accounts. - (A) There is created a body corporate and politic and...
Section 11-43-130. Definitions. - As used in this chapter unless the context clearly indicates...
Section 11-43-140. Board of directors; members; terms; vacancies. - The board of directors is the governing board of the...
Section 11-43-150. Powers of bank; limitations. - (A) In addition to the powers contained elsewhere in this...
Section 11-43-160. Sources for capitalization and purposes of bank; use of state highway account revenues. - (A) The following sources may be used to capitalize the...
Section 11-43-165. Repealed. - HISTORY: Former Section, titled South Carolina Transportation Infrastructure Bank, had...
Section 11-43-167. Fees and fines credited to the State Highway Fund. - (A) The fees and fines collected pursuant to Sections 12-37-2740(D),...
Section 11-43-170. Earnings on federal and state accounts; establishment of accounts and subaccounts; commingling of funds, compliance with federal law. - (A) Earnings on balances in the federal accounts must be...
Section 11-43-180. Loans and other financial assistance; approval by Joint Bond Review Committee; term; financing agreement; terms and conditions; selection of projects, preference, considerations. - (A) The bank may provide loans and other financial assistance...
Section 11-43-190. Financing agreements; application of other statutes or provisions; obligations secured by ad valorem taxes; security interest in project revenues; expenditure of proceeds. - (A) Qualified borrowers are authorized to obtain loans or other...
Section 11-43-200. Exemption from taxes or assessments. - The bank is performing an essential governmental function in the...
Section 11-43-210. Failure of governmental unit to remit amounts due; withholding of funds. - (A) If a government unit fails to collect and remit...
Section 11-43-220. Liability. - Neither the board nor any officer, employee, or committee of...
Section 11-43-230. Notice, proceeding, or publication not necessary; bank not subject to referendum. - Notice, proceeding, or publication, except those required in this chapter,...
Section 11-43-240. Deposit and investments. - All money of the bank, except as authorized by law...
Section 11-43-250. Annual report; audit of books and accounts. - Following the close of each state fiscal year, the bank...
Section 11-43-260. Liberal construction. - This chapter, being for the welfare of this State and...
Section 11-43-265. Prioritization of projects. - (A) Notwithstanding any other provision of law and subject to...
Section 11-43-270. Severability of provisions. - If any provision of this chapter is held or determined...
Section 11-43-310. Definitions. - As used in this article, unless a different meaning clearly...
Section 11-43-315. Issuance of bonds; review and approval of Joint Bond Review Committee. - Whenever it shall become necessary that monies be raised for...
Section 11-43-320. Pledges of revenue or funds to bond payment; bonds secured by pledge. - The bank may pledge any of its revenue or funds...
Section 11-43-330. Bonds not debt or pledge of full faith and credit of State; personal liability; statement. - Bonds issued by the bank do not constitute a debt...
Section 11-43-340. Bonds authorized by resolution; execution; payability; other provisions; interest; public or private sale, price; time of issuance. - The bonds of the bank must be authorized by a...
Section 11-43-350. Trust indenture. - (A) Bonds may be secured by a trust indenture between...
Section 11-43-360. Validity of pledge; lien; recording or filing of resolution not necessary; filing of record of issuance proceedings. - Any pledge made by the bank is valid and binding...
Section 11-43-370. Purchase of outstanding bonds; price. - The bank, subject to agreements with bondholders as may then...
Section 11-43-380. Form and execution of bonds. - Bonds of the bank must be in a form and...
Section 11-43-390. Members or officers ceasing to be members before delivery of bonds; validity of signatures. - If any of the members or officers of the bank...
Section 11-43-400. Vested rights; application of subsequent amendments to this article. - Subsequent amendments to this article may not limit the rights...
Section 11-43-410. Exemption from taxation and assessment. - Any bonds issued by the bank, the transfer of bonds,...
Section 11-43-420. Bonds legal investments, securities. - The bonds issued by the bank are legal investments in...
Section 11-43-510. Definitions. - As used in this article: (1) "Board" means the Board...
Section 11-43-520. Request for issuance of transportation infrastructure bonds; contents. - Whenever it shall become necessary that monies be raised for...
Section 11-43-530. Review of request; approval of bonds or bond anticipation notes. - Following the receipt of any request pursuant to Section 11-43-520,...
Section 11-43-540. Limitations; review by Joint Bond Review Committee; payment of principal and interest. - The issuance of transportation infrastructure bonds is subject to the...
Section 11-43-550. Pledge of full faith, credit, taxing power, and other revenue of State for payment of principal and interest; allocation of tax revenues. - For the payment of the principal of and interest on...
Section 11-43-560. Request for issuance of transportation infrastructure bonds; resolution, contents. - The board is authorized to request the state board to...
Section 11-43-570. Issuance of bonds. - Following receipt of a certified copy of the resolution of...
Section 11-43-580. Form, denominations, provisions of bonds. - Transportation infrastructure bonds shall be issued in such form, in...
Section 11-43-590. Issuance as fully registered bonds; transfer. - Transportation infrastructure bonds must be issued as fully registered bonds...
Section 11-43-600. Interest; redemption. - Transportation infrastructure bonds shall bear interest, payable on such occasions...
Section 11-43-610. Exemption from taxes or assessments. - All transportation infrastructure bonds issued under this article, and the...
Section 11-43-620. Sale upon sealed proposals; notice; awarding of bonds; rejection, readvertising. - Transportation infrastructure bonds must be sold by the Governor and...
Section 11-43-630. Application of proceeds. - The proceeds derived from the sale of transportation infrastructure bonds...