South Carolina Statutes
§ 4-29-100 — Payments from county or municipal general funds prohibited; use of lands owned by county or municipality; donations of property or money.
No county or incorporated municipality shall have the power to pay out of its general funds or otherwise contribute, any part of the costs of acquiring a project, except that lands owned by any county or incorporated municipality not required for any other public purpose, may be utilized to the extent required for a project, but under such circumstances the reasonable value of the lands shall be deemed a part of the cost of construction, and shall be paid out of the proceeds of the bonds to the general fund of the county or incorporated municipality. The determination by the governing board of the reasonable value of the land shall be conclusive but review of the determination may be instituted by any interested party within twenty days, but not afterwards, following the publication of not
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South Carolina § 4-29-100 (Payments from county or municipal general funds prohibited; use of lands owned by county or municipality; donations of property or money.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 14-399.30; 1967 (55) 120; 1980 Act No. 518, SECTION 10B.
Nearby Sections
15
§ 4-29-10
Definitions.§ 4-29-110
Refunding bonds.§ 4-29-120
Bonds deemed to be legal investments.§ 4-29-40
Security for payment of bonds; pledge of revenues and financing agreement; procedures upon default.§ 4-29-60
Findings necessary prior to undertaking projects; required provisions in financing agreements.§ 4-29-65
Requirement of feasibility report.§ 4-29-68
Special source revenue bonds.