South Carolina § 11-40-160 Bonds and income from bonds exempt from taxes and assessments.

South Carolina Statutes

§ 11-40-160 — Bonds and income from bonds exempt from taxes and assessments.

South Carolina § 11-40-160

Title 11PUBLIC FINANCE

Ch. 40SOUTH CAROLINA INFRASTRUCTURE FACILITIES AUTHORITY ACT

This text of South Carolina § 11-40-160 (Bonds and income from bonds exempt from taxes and assessments.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 11-40-160 (2026).

Text

The authority is performing an essential governmental function in the exercise of the powers conferred upon it and is not required to pay taxes or assessments upon property or upon its operations or the income from them, or taxes or assessments upon property or loan obligation acquired or used by the authority or upon the income from them. Bonds issued by the authority, the transfer of bonds, and the income from them, are free from taxation and assessment of every kind by this State, and by the local governments and other political subdivisions of this State.

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The authority is performing an essential governmental function in the exercise of the powers conferred upon it and is not required to pay taxes or assessments upon property or upon its operations or the income from them, or taxes or assessments upon property or loan obligation acquired or used by the authority or upon the income from them. Bonds issued by the authority, the transfer of bonds, and the income from them, are free from taxation and assessment of every kind by this State, and by the local governments and other political subdivisions of this State.