South Carolina Statutes
§ 13-21-50 — Authority to issue bonds; financing agreements with respect to construction, operation, maintenance, and improvement of projects.
In furtherance of its purposes, the authority may issue revenue bonds, the interest on which may or may not be excludable from gross income for federal income tax purposes, for the purpose of raising funds needed from time to time for the financing or refinancing, in whole or in part, the acquisition, construction, equipment, maintenance, and operation of any facility, building structure, or any other matter or thing which the authority is authorized to acquire, construct, equip, maintain, or operate. In connection with the issuance of bonds, the authority may enter into an agreement with a company to consult, operate, maintain, and improve a project, and the authority may enter into a financing agreement with the company prescribing the terms and conditions of the payments to be made by t
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 13-21-50 (Authority to issue bonds; financing agreements with respect to construction, operation, maintenance, and improvement of projects.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 515, SECTION 5, eff July 1, 1992.
Nearby Sections
15
§ 13-21-100
Signature and attestation of bonds.§ 13-21-130
Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.§ 13-21-220
Purposes for which authority is or is not "agency," "state agency," or state institution.§ 13-21-230
Severability.§ 13-21-30
Rights and powers of board.