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·Title 48 ENVIRONMENTAL PROTECTION AND CONSERVATION·Ch. 5 SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY ACT
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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South Carolina § 48-5-140 (Authority exempt from taxes and assessments; bonds issued by authority free from taxation and assessments of every kind.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1992 Act No. 513, SECTION 3.
Nearby Sections
15
§ 48-5-10
Short title.§ 48-5-160
Annual report by the authority.§ 48-5-170
Failure of project sponsor to make payment to authority; section not applicable to certain counties.§ 48-5-190
Severability.§ 48-5-20
Definitions.§ 48-5-40
Powers of authority.