South Carolina § 11-43-630 Application of proceeds.

South Carolina Statutes

§ 11-43-630 — Application of proceeds.

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

The proceeds derived from the sale of transportation infrastructure bonds must be applied only to the purposes set forth in the resolution of the state board pursuant to which the bonds are issued.

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South Carolina § 11-43-630 (Application of proceeds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Repealed.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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