South Carolina § 11-43-265 Prioritization of projects.

South Carolina Statutes

§ 11-43-265 — Prioritization of projects.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 43 SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK ACT

(A)Notwithstanding any other provision of law and subject to the provisions of subsection (B), the bank must prioritize all projects in accordance with the prioritization criteria provided in Section 57-1-370(B)(8).

(B)The General Assembly may enact a joint resolution allowing the bank to fund a project without using the prioritization criteria provided in subsection (A). The joint resolution must be specific as to the project and the amount authorized to be funded.

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(A) Notwithstanding any other provision of law and subject to the provisions of subsection (B), the bank must prioritize all projects in accordance with the prioritization criteria provided in Section 57-1-370(B)(8). (B) The General Assembly may enact a joint resolution allowing the bank to fund a project without using the prioritization criteria provided in subsection (A). The joint resolution must be specific as to the project and the amount authorized to be funded.

South Carolina § 11-43-265 (Prioritization of projects.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 2016 Act No. 275 (S.1258), SECTION 7, eff June 8, 2016. Editor's Note 2016 Act No. 275, SECTION 90(D), provides as follows: "(D) Notwithstanding the effective date provided in subsection (A), SECTION 6 and SECTION 7 [adding this section] take effect upon approval by the Governor. The provisions contained in SECTION 6 and SECTION 7 only apply to projects selected by the bank thereafter."