South Carolina § 48-5-140 Authority exempt from taxes and assessments; bonds issued by authority free from taxation and assessments of every kind.

South Carolina Statutes

§ 48-5-140 — Authority exempt from taxes and assessments; bonds issued by authority free from taxation and assessments of every kind.

South Carolina § 48-5-140

Title 48ENVIRONMENTAL PROTECTION AND CONSERVATION

Ch. 5SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY ACT

This text of South Carolina § 48-5-140 (Authority exempt from taxes and assessments; bonds issued by authority free from taxation and assessments of every kind.) 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. § 48-5-140 (2026).

Text

The authority in performing an essential governmental function in the exercise of the powers conferred upon it 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 project sponsors and other political subdivisions of this State.

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The authority in performing an essential governmental function in the exercise of the powers conferred upon it 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 project sponsors and other political subdivisions of this State.