South Carolina Statutes
§ 6-25-131 — Restriction as to who may benefit from joint system income, profit or assets; exception.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 25 JOINT AUTHORITY WATER AND SEWER SYSTEMS ACT
The income, profit, or assets of a joint system may not inure to the benefit of an individual or private entity, except for a joint authority water and sewer system created under this chapter.
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South Carolina § 6-25-131 (Restriction as to who may benefit from joint system income, profit or assets; exception.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1999 Act No. 113, SECTION 3; 2007 Act No. 59, SECTION 1, eff June 6, 2007. Effect of Amendment The 2007 amendment added ", except for a joint authority water and sewer system created under this chapter", and made nonsubstantive changes.
Nearby Sections
15
§ 6-25-10
Short title.§ 6-25-100
Powers of joint system.§ 6-25-114
Issuance of refunding bonds.§ 6-25-115
Financing pools and construction notes.§ 6-25-125
Charges for services; pledges.