Home/South Carolina/Statutes/Title 13: PLANNING, RESEARCH AND DEVELOPMENT/Ch. 12: TRIDENT ECONOMIC DEVELOPMENT FINANCE AUTHORITY/§ 13-12-120
South Carolina Statutes

§ 13-12-120 — Manner of election; majority vote required.

South Carolina·Title 13 PLANNING, RESEARCH AND DEVELOPMENT·Ch. 12 TRIDENT ECONOMIC DEVELOPMENT FINANCE AUTHORITY
If an election is ordered as provided in Section 13-12-100, the election shall be conducted in the same manner and under the procedure applicable to the issuance of general obligation bonds of the counties of the State by the provisions of Chapter 15, Title 4, as now or hereafter amended. Approval of the question put to the electorate shall require an affirmative vote by a majority of all qualified electors voting on the question throughout the jurisdictional boundaries of the authority.

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South Carolina § 13-12-120 (Manner of election; majority vote required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1992 Act No. 515, SECTION 1, eff September 1, 1992; 1992 Act No. 518, SECTION 1, eff September 2, 1992.

Nearby Sections

15
§ 13-12-10
Authority created; jurisdictional area; governing body; selection and terms of members; filling of vacancies.
§ 13-12-100
Notice of governing bodies' actions; call for election.
§ 13-12-110
Right to challenge action taken by county governing bodies.
§ 13-12-120
Manner of election; majority vote required.
§ 13-12-130
Issuance of bonds following authorization.
§ 13-12-15
Referendum in nonparticipating county whether to participate in authority.
§ 13-12-150
Signature and attestation of bonds and interest coupons.
§ 13-12-160
Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.
§ 13-12-170
General obligation bonds secured by full faith and credit and taxing power; revenue bonds of limited obligation; security; trustee of security agreement or indenture.
§ 13-12-180
Net earnings of authority not to inure to benefit of person other than authority.
§ 13-12-190
Carryover of unexpended funds from year to year.
§ 13-12-20
Officers of governing board; committees; meetings; quorum.
§ 13-12-200
Determinations required to be made by authority prior to undertaking projects; determinations to be set forth in record of proceedings.
§ 13-12-210
Disposition of proceeds from sale of bonds; what constitutes cost of acquiring project.
§ 13-12-220
Implementation contingent upon vote of electors in two or more of affected counties.
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