South Carolina Statutes
§ 11-50-170 — Liberal construction; approval of ad valorem property taxes.
South Carolina § 11-50-170
This text of South Carolina § 11-50-170 (Liberal construction; approval of ad valorem property taxes.) 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. § 11-50-170 (2026).
Text
(A)This chapter, being for the welfare of this State and its inhabitants, must be liberally construed to effect the purposes specified in this chapter. However, nothing in this chapter must be construed as affecting any proceeding, notice, or approval required by law for the issuance by an eligible entity of the loan obligations, instruments, or security for loan obligations.
(B)Where the governing body of an eligible entity does not have unlimited fiscal autonomy granting them the right to impose ad valorem property taxes for general operating purposes without limitation, the public entity, if applicable, which has the authority to approve ad valorem property taxes for general operating purposes without limitation also must approve a loan or security obligation provided by this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 2010 Act No. 171, SECTION 1, eff May 26, 2010.
Nearby Sections
15
§ 11-50-10
Short title.§ 11-50-110
Exempt from taxes and assessments.§ 11-50-120
Defaults by eligible entities.§ 11-50-160
Annual reports; audit of books and accounts.§ 11-50-180
Severability provision.§ 11-50-20
Legislative findings.§ 11-50-40
Definitions.§ 11-50-55
Director of the authority.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-50-170, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/50/11-50-170.