Home/South Carolina/Statutes/Title 13: PLANNING, RESEARCH AND DEVELOPMENT/Ch. 19: MIDLANDS AUTHORITY/§ 13-19-70
South Carolina Statutes

§ 13-19-70 — Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.

South Carolina·Title 13 PLANNING, RESEARCH AND DEVELOPMENT·Ch. 19 MIDLANDS AUTHORITY
The principal of and interest on bonds issued under this chapter are exempt from taxation, as provided in Section 12-2-50. All security agreements, indentures, and financing agreements made pursuant to the provisions of this chapter are exempt from state stamp and transfer taxes.

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South Carolina § 13-19-70 (Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.) — 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.

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.
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