South Carolina § 31-6-85 Intergovernmental agreement for redevelopment project.

South Carolina Statutes

§ 31-6-85 — Intergovernmental agreement for redevelopment project.

South Carolina·Title 31 HOUSING AND REDEVELOPMENT·Ch. 6 TAX INCREMENT FINANCING FOR REDEVELOPMENT PROJECTS

The municipality and one or more taxing districts may at any time provide by intergovernmental agreement that such taxing district or taxing districts will participate in a redevelopment project on a partial or modified basis. Such intergovernmental agreement shall become effective, and shall be valid and enforceable for the entire duration thereof, upon its approval by ordinance enacted by the municipality and by ordinance or resolution, whichever is applicable, enacted or approved by the affected taxing district or taxing districts.

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The municipality and one or more taxing districts may at any time provide by intergovernmental agreement that such taxing district or taxing districts will participate in a redevelopment project on a partial or modified basis. Such intergovernmental agreement shall become effective, and shall be valid and enforceable for the entire duration thereof, upon its approval by ordinance enacted by the municipality and by ordinance or resolution, whichever is applicable, enacted or approved by the affected taxing district or taxing districts.

South Carolina § 31-6-85 (Intergovernmental agreement for redevelopment project.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.