South Carolina § 11-43-520 Request for issuance of transportation infrastructure bonds; contents.

South Carolina Statutes

§ 11-43-520 — Request for issuance of transportation infrastructure bonds; contents.

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

Whenever it shall become necessary that monies be raised for qualified projects, including monies to be used to refund any transportation infrastructure bonds then outstanding, the board may make a request to the state board for the issuance of transportation infrastructure bonds pursuant to this article. This request may be in the form of a resolution adopted at any regular or special meeting of the board. The request shall set forth on the face thereof or by schedules attached thereto:

(1)the amount then required for qualified projects;

(2)a tentative time schedule setting forth the period of time during which the sum requested will be expended; and (3) a debt service table showing the annual principal and interest requirements for all the transportation infrastructure bonds then outst

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Whenever it shall become necessary that monies be raised for qualified projects, including monies to be used to refund any transportation infrastructure bonds then outstanding, the board may make a request to the state board for the issuance of transportation infrastructure bonds pursuant to this article. This request may be in the form of a resolution adopted at any regular or special meeting of the board. The request shall set forth on the face thereof or by schedules attached thereto: (1) the amount then required for qualified projects; (2) a tentative time schedule setting forth the period of time during which the sum requested will be expended; and (3) a debt service table showing the annual principal and interest requirements for all the transportation infrastructure bonds then outstanding.

South Carolina § 11-43-520 (Request for issuance of transportation infrastructure bonds; contents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.