Home/South Carolina/Statutes/Title 13: PLANNING, RESEARCH AND DEVELOPMENT/Ch. 19: MIDLANDS AUTHORITY/§ 13-19-200
South Carolina Statutes

§ 13-19-200 — Tax exemption of authority property; payment in lieu of taxes.

South Carolina·Title 13 PLANNING, RESEARCH AND DEVELOPMENT·Ch. 19 MIDLANDS AUTHORITY
The property of the authority is not subject to any taxes or assessments, but the authority shall negotiate a payment in lieu of taxes with the appropriate taxing authorities.

Free access — add to your briefcase to read the full text and ask questions with AI

South Carolina § 13-19-200 (Tax exemption of authority property; payment in lieu of taxes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1992 Act No. 515, SECTION 4, eff July 1, 1992. SECTION 13-19-210. Purposes for which authority is or is not "agency," "state agency," or state institution. Notwithstanding any provision of law or regulation, the authority continues to be an "agency" for purposes of Chapter 78 of Title 15; however, the authority is not considered to be an "agency" or "state agency" or any other form of state institution for purposes of Sections 2-7-65 and 2-57-60. HISTORY: 1992 Act No. 515, SECTION 4, eff July 1, 1992.

Nearby Sections

15
§ 13-19-10
Midlands Authority created; governing board; appointment and terms of board members; filling of vacancies.
§ 13-19-100
Sale of bonds upon terms and conditions set by State Fiscal Accountability Authority.
§ 13-19-110
Description of financial obligations to be filed with State Treasurer.
§ 13-19-130
Limited obligation of bonds; state not to incur liability; security; trustee under security agreement or indenture.
§ 13-19-140
Investment of funds by state treasurer; net earnings.
§ 13-19-150
Carryover of unexpended funds from year to year.
§ 13-19-160
Determinations required to be made by authority prior to undertaking projects; terms which must be included in financing agreement between authority and company with respect to projects.
§ 13-19-170
Disposition of proceeds of sale of bonds; what constitutes cost of acquiring project.
§ 13-19-180
Regulations promulgated by authority to be in accord with Title 1, Chapter 23.
§ 13-19-190
Establishment of profit or not-for-profit corporations to carry out purposes of chapter; grants and loans; loan guarantees and limitations of liability.
§ 13-19-200
Tax exemption of authority property; payment in lieu of taxes.
§ 13-19-220
Severability.
§ 13-19-230
Chapter not to affect generation, transmission, distribution, or provision of electricity at wholesale, retail, or otherwise.
§ 13-19-30
Rights and powers of board.
§ 13-19-35
Area in which authority may exercise powers and duties.
View on official source ↗