Chapter 40 - SOUTH CAROLINA INFRASTRUCTURE FACILITIES AUTHORITY ACT
- Section 11-40-10 - Short Title
- Section 11-40-20 - South Carolina Infrastructure Facilities Authority; creation; membership; purpose
- Section 11-40-30 - Definitions
- Section 11-40-40 - Powers of authority
- Section 11-40-50 - South Carolina Infrastructure Revolving Loan Fund; establishment; purpose; deposits to fund; use of monies in fund
- Section 11-40-60 - Authority may make loans; loan commitments and option agreements; conditions for grant of loan; fees and charges
- Section 11-40-70 - Receipt, distribution, and holding of funds by the authority
- 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
- 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
- Section 11-40-100 - Authority to pledge revenues, funds, or loan obligations to secure bonds
- 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
- Section 11-40-120 - Bonds to be authorized by resolution; requirements for bonds
- Section 11-40-130 - Trust indenture for securing bonds; provisions of bond resolution or trust indenture; bonds primarily secured by pool of obligations
- Section 11-40-140 - Validity of pledge by authority; lien of pledge
- Section 11-40-150 - Bonds made negotiable instruments
- Section 11-40-160 - Bonds and income from bonds exempt from taxes and assessments
- Section 11-40-170 - Bonds of authority made securities
- Section 11-40-180 - Offer, sale, or issuance of bonds, notes, or other obligations not subject to regulation under Chapter 1, Title 35
- Section 11-40-190 - Pledge of State not to impair rights and remedies of bondholders
- Section 11-40-200 - Defaults by local governments; withholding of state funds; exceptions
- Section 11-40-210 - Authority members, officers, or employees not subject to liability
- Section 11-40-220 - Additional notices, proceedings, or publications not required; not subject to referendum
- Section 11-40-230 - Deposit of money of authority; investment of funds
- Section 11-40-240 - Annual reports; audit of books and accounts
- Section 11-40-250 - Division of Local Government to assist authority; duties of Division
- Section 11-40-260 - Chapter to be liberally construed; approval of bonds not required; provisions of Chapter control
- Section 11-40-270 - Severability provision