South Carolina § 57-5-1360 Power and duty of State Fiscal Accountability Authority upon receipt of request.

South Carolina Statutes

§ 57-5-1360 — Power and duty of State Fiscal Accountability Authority upon receipt of request.

South Carolina·Title 57 HIGHWAYS, BRIDGES AND FERRIES·Ch. 5 STATE HIGHWAY SYSTEM

Following the receipt of a request pursuant to Section 57-5-1350, the State Fiscal Accountability Authority shall review the request and, to the extent that it approves the request, it may effect, by resolution duly adopted, the issuance of turnpike bonds, or pending their issuance, may effect the issuance of bond anticipation notes pursuant to Title 11, Chapter 17. A resolution approving any proposed turnpike bonds may not be adopted unless before approval the state board conducts, after not less than ten days' published notice, a public hearing in the City of Columbia.

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Following the receipt of a request pursuant to Section 57-5-1350, the State Fiscal Accountability Authority shall review the request and, to the extent that it approves the request, it may effect, by resolution duly adopted, the issuance of turnpike bonds, or pending their issuance, may effect the issuance of bond anticipation notes pursuant to Title 11, Chapter 17. A resolution approving any proposed turnpike bonds may not be adopted unless before approval the state board conducts, after not less than ten days' published notice, a public hearing in the City of Columbia.

South Carolina § 57-5-1360 (Power and duty of State Fiscal Accountability Authority upon receipt of request.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 33-220.6; 1972 (57) 3013; 1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84C; 1996 Act No. 458, Part II, SECTION 92D.