South Carolina Statutes
§ 13-11-10 — New Horizons Development Authority created; governing body; duration; transfer of powers and responsibilities.
South Carolina·Title 13 PLANNING, RESEARCH AND DEVELOPMENT·Ch. 11 NEW HORIZONS DEVELOPMENT AUTHORITY
There is hereby created the New Horizons Development Authority, a body politic and corporate under the laws of this State, consisting of and governed by a board of appointed and ex officio members selected as provided in Section 13-11-20 and hereinafter referred to as the Authority. New Horizons Development Authority shall be constituted for a term of five years. At the end of five years the General Assembly may transfer the powers, responsibilities, liabilities and assets of the Authority to another State agency or agencies; but no obligation or contract of the Authority shall be impaired by such transfer. The full faith and credit of the State shall not be pledged to assure the performance of obligations so transferred.
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South Carolina § 13-11-10 (New Horizons Development Authority created; governing body; duration; transfer of powers and responsibilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 59-93.11; 1974 (58) 2301.
Nearby Sections
15
§ 13-11-100
Cooperation of other agencies.§ 13-11-130
Reports.§ 13-11-140
Exemption from taxation.§ 13-11-20
Members of board; terms; vacancies.§ 13-11-30
Meetings of board; quorum; compensation.§ 13-11-40
Employees.§ 13-11-60
Purposes.§ 13-11-70
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