S.C. Code Ann. tit. 13, ch. 12 – Trident Economic Development Finance Authority | Midpage

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South Carolina Code of Laws

Chapter 12

S.C. Code Ann. tit. 13, ch. 12

Trident Economic Development Finance Authority

13-12-10Authority created; jurisdictional area; governing body; selection and terms of members; filling of vacancies 13-12-15Referendum in nonparticipating county whether to participate in authority 13-12-20Officers of governing board; committees; meetings; quorum 13-12-30Rights and powers of board 13-12-40Authority may issue general obligation or revenue bonds; agreements for construction, operation, maintenance, or improvement of project; financing agreements 13-12-50Resolution of board authorizing bonds; provisions of resolution become part of contract between authority and bondholders 13-12-60Governing bodies of participating counties may authorize authority to issue general obligation bonds; public hearing requirement 13-12-70Notice requirements with respect to hearing on bond issue 13-12-80Public hearing 13-12-90Finding and ordinance; authorization by governing bodies of participating counties whether and to what extent to issue bonds 13-12-100Notice of governing bodies' actions; call for election 13-12-110Right to challenge action taken by county governing bodies 13-12-120Manner of election; majority vote required 13-12-130Issuance of bonds following authorization 13-12-140Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation 13-12-150Signature and attestation of bonds and interest coupons 13-12-160Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability 13-12-170General obligation bonds secured by full faith and credit and taxing power; revenue bonds of limited obligation; security; trustee of security agreement or indenture 13-12-180Net earnings of authority not to inure to benefit of person other than authority 13-12-190Carryover of unexpended funds from year to year 13-12-200Determinations required to be made by authority prior to undertaking projects; determinations to be set forth in record of proceedings 13-12-210Disposition of proceeds from sale of bonds; what constitutes cost of acquiring project 13-12-220Implementation contingent upon vote of electors in two or more of affected counties 13-12-230Act not to affect generation, transmission, distribution, or provision of electricity at wholesale, retail, or otherwise