Home/South Carolina/Statutes/Title 11: PUBLIC FINANCE/Ch. 43: SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK ACT/§ 11-43-370
South Carolina Statutes

§ 11-43-370 — Purchase of outstanding bonds; price.

South Carolina § 11-43-370
JurisdictionSouth Carolina
Title 11PUBLIC FINANCE
Ch. 43SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK ACT

This text of South Carolina § 11-43-370 (Purchase of outstanding bonds; price.) 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. § 11-43-370 (2026).

Text

The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price must not exceed the redemption price then applicable plus accrued interest to the next interest payment date.

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Legislative History

HISTORY: 1997 Act No. 148, SECTION 2.

Nearby Sections

15
§ 11-43-110
Short title.
§ 11-43-120
Creation of South Carolina Transportation Infrastructure Bank; board of directors; corporate purpose; accounts.
§ 11-43-130
Definitions.
§ 11-43-140
Board of directors; members; terms; vacancies.
§ 11-43-150
Powers of bank; limitations.
§ 11-43-160
Sources for capitalization and purposes of bank; use of state highway account revenues.
§ 11-43-165
Repealed.
§ 11-43-167
Fees and fines credited to the State Highway Fund.
§ 11-43-170
Earnings on federal and state accounts; establishment of accounts and subaccounts; commingling of funds, compliance with federal law.
§ 11-43-180
Loans and other financial assistance; approval by Joint Bond Review Committee; term; financing agreement; terms and conditions; selection of projects, preference, considerations.
§ 11-43-190
Financing agreements; application of other statutes or provisions; obligations secured by ad valorem taxes; security interest in project revenues; expenditure of proceeds.
§ 11-43-200
Exemption from taxes or assessments.
§ 11-43-210
Failure of governmental unit to remit amounts due; withholding of funds.
§ 11-43-220
Liability.
§ 11-43-230
Notice, proceeding, or publication not necessary; bank not subject to referendum.
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Bluebook (online)
South Carolina § 11-43-370, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/11-43-370.