South Carolina Statutes

§ 31-6-80 — Public hearing prior to approval of redevelopment plan; changes in plan; notice to, and objections by taxing districts; adoption of ordinance prior to issuance of obligations; changes to redevelopment plan.

South Carolina·Title 31 HOUSING AND REDEVELOPMENT·Ch. 6 TAX INCREMENT FINANCING FOR REDEVELOPMENT PROJECTS
(A)Prior to the issuance of any obligations under this chapter, the municipality shall set forth by way of ordinance the following:
(1)a copy of the redevelopment plan containing a statement of the objectives of a municipality with regard to the plan;
(2)a statement indicating the need for and proposed use of the proceeds of the obligations in relationship to the redevelopment plan;
(3)a statement containing the cost estimates of the redevelopment plan and redevelopment project and the projected sources of revenue to be used to meet the costs including estimates of tax increments and the total amount of indebtedness to be incurred;
(4)a list of all real property in the redevelopment project area;
(5)the duration of the redevelopment plan;
(6)a statement of the estimated impact of th

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South Carolina § 31-6-80 (Public hearing prior to approval of redevelopment plan; changes in plan; notice to, and objections by taxing districts; adoption of ordinance prior to issuance of obligations; changes to redevelopment plan.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1984 Act No. 452, SECTION 1; 1987 Act No. 200, SECTION 3; 1999 Act No. 93, SECTION 18; 1999 Act No. 109, SECTION 3; 2002 Act No. 207, SECTION 3; 2005 Act No. 109, SECTION 11; 2012 Act No. 267, SECTION 3, eff June 20, 2012. Effect of Amendment The 2012 amendment added the subsection identifiers, rewrote subsection (E), and added subsection (F).

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