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South Carolina Code of Laws

Article 9

Division of Public Railways

13-1-1310Division of Public Railways created 13-1-1320Definitions 13-1-1330Powers and duties of director of division 13-1-1340Transfer of certain common carrier switching operations to division 13-1-1350Power of director to extend division's operations 13-1-1355Transfer of certain railroad equipment 13-1-1360Bonds of division to be limited obligations 13-1-1370Bonds to be secured by pledge of division revenues 13-1-1380Contract terms for construction and equipment 13-1-1390Determinations of director prerequisite to acquisition of railroads and equipment 13-1-1400Power of director over disbursement of bond proceeds 13-1-1410Books of additional acquisitions to be kept separately 13-1-1420Application of proceeds from sale of bonds 13-1-1430Refunding of bonds 13-1-1440Bonds to be lawful investments 13-1-1450Bonds, revenue, and property of division to be tax exempt 13-1-1460Approval of State Fiscal Accountability Authority as prerequisite to issuance of bonds; procedure 13-1-1470Director not subject to other limitations 13-1-1480Division to hold title to assets and account for revenues; funds to be held in separate accounts