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