South Carolina Statutes
§ 31-12-310 — Disposition of revenues.
South Carolina·Title 31 HOUSING AND REDEVELOPMENT·Ch. 12 REDEVELOPMENT OF FEDERAL MILITARY INSTALLATIONS AND OTHER DEFENSE SITES
(A)Revenues received by the municipality or authority from any property, building, or facility owned by the municipality or authority, or any agency or authority established by the municipality, in the redevelopment project area may be used to pay redevelopment project costs or reduce outstanding obligations of the municipality incurred under this chapter for redevelopment project costs. If the obligations are used to finance the extension or expansion of a system as defined in Section 6-21-40 in the redevelopment project area, all or a portion of the revenues of the system, whether or not located entirely within the redevelopment project area, including the revenues of the redevelopment project, may be pledged to secure the obligations issued under this chapter.
(B)The municipality is f
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South Carolina § 31-12-310 (Disposition of revenues.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1994 Act No. 462, SECTION 1; 1998 Act No. 421, SECTION 1.
Nearby Sections
15
§ 31-12-10
Short title.§ 31-12-110
Authority is an "agency".§ 31-12-20
Legislative findings.§ 31-12-250
Disposition of proceeds of obligations.§ 31-12-260
Obligations exempt from taxation.§ 31-12-280
Prerequisites to issuance of obligations.§ 31-12-30
Definitions.§ 31-12-300
Certification by county auditor; determination of value taxable property in project area.§ 31-12-310
Disposition of revenues.