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2017 South Carolina Code of Laws
Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions
CHAPTER 21 - REVENUE BOND ACT FOR UTILITIES
Section 6-21-55. Debt service on bonds for municipal improvements not to be imposed on property not located in improvement district.
Universal Citation: SC Code § 6-21-55 (2017)
The debt service on bonds authorized by this chapter issued by a municipality to finance improvements under and permitted by the Municipal Improvement Act of 1999 shall not impose or be derived from in whole or in part a tax or assessment on property not located in the improvement district.
The provisions of this section do not apply to projects or undertakings designated by a municipal governing body as a "system" under Section 6-21-40.
HISTORY: 2000 Act No. 384, Section 3.
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