South Carolina Statutes
§ 6-24-80 — Dissolution.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 24 JOINT AGENCY ACT
If the board of directors of a joint agency and the governing body of each of its members determine by resolution that the purposes for which the joint agency was formed have been fulfilled substantially and that all bonds issued and all other obligations incurred by the joint agency have been paid or satisfied fully, the board of directors and members may declare the joint agency to be dissolved. On the effective date of the resolution, title to all funds and other property owned by the joint agency at the time of the dissolution must be disbursed to the members of the joint agency according to its bylaws.
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South Carolina § 6-24-80 (Dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2003 Act No. 8, SECTION 2, eff April 21, 2003.
Nearby Sections
15
§ 6-24-10
Title.§ 6-24-100
Rights and powers of joint agency.§ 6-24-140
Issuance of bonds; use of proceeds.§ 6-24-150
Trust agreements for issuance of bonds.§ 6-24-170
Investment of monies from bond.§ 6-24-180
Enforcement of bonds.§ 6-24-190
Bonds as investment securities.§ 6-24-20
Definitions.§ 6-24-220
Issuance of refunding bonds.