South Carolina § 11-50-30 South Carolina Rural Infrastructure Authority; creation; governance; purpose; fund.

South Carolina Statutes

§ 11-50-30 — South Carolina Rural Infrastructure Authority; creation; governance; purpose; fund.

South Carolina § 11-50-30

Title 11PUBLIC FINANCE

Ch. 50SOUTH CAROLINA RURAL INFRASTRUCTURE ACT

This text of South Carolina § 11-50-30 (South Carolina Rural Infrastructure Authority; creation; governance; purpose; fund.) 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. § 11-50-30 (2026).

Text

(A)There is created a body corporate and politic and an instrumentality of the State to be known as the South Carolina Rural Infrastructure Authority.

(B)The authority is governed by a board of directors as provided in this chapter.

(C)The corporate purpose of the authority is to select and assist in financing qualified rural infrastructure by providing loans and other financial assistance to municipalities, counties, special purpose and public service districts, and public works commissions for constructing and improving rural infrastructure facilities. The exercise by the authority of a power conferred in this chapter is an essential public function.

(D)The authority shall establish and maintain the South Carolina Rural Infrastructure Fund into which monies for the purposes of the au

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(A) There is created a body corporate and politic and an instrumentality of the State to be known as the South Carolina Rural Infrastructure Authority. (B) The authority is governed by a board of directors as provided in this chapter. (C) The corporate purpose of the authority is to select and assist in financing qualified rural infrastructure by providing loans and other financial assistance to municipalities, counties, special purpose and public service districts, and public works commissions for constructing and improving rural infrastructure facilities. The exercise by the authority of a power conferred in this chapter is an essential public function. (D) The authority shall establish and maintain the South Carolina Rural Infrastructure Fund into which monies for the purposes of the authority must be deposited.