2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 43 - South Carolina Transportation Infrastructure Bank Act
Section 11-43-520. Request for issuance of transportation infrastructure bonds; contents.
Whenever it shall become necessary that monies be raised for qualified projects, including monies to be used to refund any transportation infrastructure bonds then outstanding, the board may make a request to the state board for the issuance of transportation infrastructure bonds pursuant to this article. This request may be in the form of a resolution adopted at any regular or special meeting of the board. The request shall set forth on the face thereof or by schedules attached thereto:
(1) the amount then required for qualified projects;
(2) a tentative time schedule setting forth the period of time during which the sum requested will be expended; and
(3) a debt service table showing the annual principal and interest requirements for all the transportation infrastructure bonds then outstanding.
HISTORY: 1997 Act No. 148, Section 2.