South Carolina Statutes
§ 44-7-1530 — Provision in loan agreement for payments in lieu of taxes.
Every loan agreement made with a hospital agency which shall be a corporation created for profit, pursuant to which a public agency shall have acquired title to any hospital facilities, shall contain a provision requiring such hospital agency to make payments to the county or counties, school district or school districts, and other political units wherein the hospital facilities shall be located, in lieu of taxes, in such amounts as would result from taxes levied on the hospital facilities by such county or counties, school district or school districts, and other political unit or units, if the hospital facilities were owned by the hospital agency which is a corporation for profit, but with appropriate reductions similar to the tax exemptions, if any, which would be afforded to the hospita
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South Carolina § 44-7-1530 (Provision in loan agreement for payments in lieu of taxes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 32-798.12; 1973 (58) 654.
Nearby Sections
15
§ 44-7-1000
Proceeds of bond issue.§ 44-7-1010
Payment of bonds; annual tax.§ 44-7-1020
Acquisition of property; memorials.§ 44-7-1070
Persons who may be patients.§ 44-7-110
Short title.§ 44-7-1100
Tax levy by adjoining county.§ 44-7-1110
Cancellation of contributing agreement.§ 44-7-1120
Annual audit.