(A) There is created the Pinewood Development Authority a body politic and corporate. The authority shall consist of these ex officio members:
- (1) the chairman of the Sumter County Council or a council member designated by the chairman;
- (2) the chairman of the Clarendon County Council or a council member designated by the chairman;
- (3) one member of the Sumter County Council who represents the geographical area within which this fund may be used for economic development;
- (4) one member of the Clarendon County Council who represents the geographical area within which this fund may be used for economic development.
- (B) The authority shall approve, by a majority vote, the expenditure of funds from the Pinewood Development Fund, as created in Section 44-56-164(B) and may acquire and develop real and personal property and exercise all powers incidental to developing the Pinewood area pursuant to Section 44-56-164(B).
HISTORY: 1993 Act No. 164, Part II, Section 96A.