reglab/housing_qa huggingface dataset:
SC Code § 11-50-65 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-65. Administrative support for State Rural Infrastructure Authority.

 The Department of Commerce shall provide such administrative support to the State Rural Infrastructure Authority or any of its divisions or components as they may request and require in the performance of their duties including, but not limited to, financial management, human resources management, information technology, procurement services, and logistical support.  HISTORY: 2014 Act No. 121 (S.22), Pt VI, Section 16.C, eff July 1, 2015.
SC Code § 11-50-70 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-70. Rural Infrastructure Fund capitalization.

 The following sources may be used to capitalize the Rural Infrastructure Fund and for the authority to carry out its purposes:  (1) state general fund appropriations made by the General Assembly;  (2) federal funds made available to the State;  (3) federal funds made available to the State for the authority;  (4) contributions and donations from government units, private entities, and any other source as may become available to the authority;  (5) all monies paid or credited to the authority, by contract or otherwise, payments of principal and interest on loans or other financial assistance made from the authority, and interest earnings which may accrue from the investment or reinvestment of the authority's monies; and  (6) other lawful sources as determined appropriate by the board.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-80 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-80. Earnings on balances in Rural Infrastructure Fund.

 Earnings on balances in the Rural Infrastructure Fund must be credited and invested as provided by law. Earnings must be credited to the Rural Infrastructure Fund. The authority may establish accounts and subaccounts within the Rural Infrastructure Fund as considered desirable to effectuate the purposes of this chapter, or to meet the requirements of any state or federal program. All accounts must be held in trust by the State Treasurer.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-90 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-90. Loans and other financial assistance.

 (A) The authority may provide loans and other financial assistance to an eligible entity to pay for all or part of the eligible cost of a qualified project. The term of the loan or other financial assistance must not exceed the useful life of the project. The authority may require the eligible entity to enter into a financing agreement in connection with its loan obligation or other financial assistance. The authority shall determine the form and content of loan applications, financing agreements, and loan obligations including the term and rate or rates of interest on a financing agreement.  (B) The board shall determine which projects are eligible projects and then select from among the eligible projects those qualified to receive from the authority a loan or other financial assistance.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010; 2014 Act No. 195 (S.812), Section 3, eff June 2, 2014.  Effect of Amendment  2014 Act No. 195, Section 3, in subsection (A), deleted the former second sentence, relating to review and approval of the Joint Bond Review Committee.
SC Code § 11-50-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-100. Financing agreements; authorizations; security.

 (A) Eligible entities are authorized to obtain loans or other financial assistance from the authority through financing agreements. Qualified borrowers entering into financing agreements and issuing loan obligations to the authority may perform any acts, take any action, adopt any proceedings, and make and carry out any contracts or agreements with the authority as may be agreed to by the authority and any qualified borrower for the carrying out of the purposes contemplated by this chapter.  (B) In addition to the authorizations contained in this chapter, all other statutes or provisions permitting eligible entities to borrow money may be utilized by any eligible entity in obtaining a loan or other financial assistance from the authority to the extent determined necessary or useful by the eligible entity in connection with any financing agreement and the issuance, securing, or sale of loan obligations to the authority. Notwithstanding the foregoing, obligations secured by ad valorem taxes may be issued by an eligible entity and purchased by the authority without regard to any public bidding requirement.  (C) An eligible entity may receive, apply, pledge, assign, and grant a security interest in revenues or ad valorem taxes, to secure its obligations as provided in this chapter, to meet its obligations under a financing agreement, or to provide for the construction and improving of a qualified project.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-110 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-110. Exempt from taxes and assessments.

 The authority is performing an essential governmental function in the exercise of the powers conferred upon it and is not required to pay taxes or assessments upon property or upon its operations or the income from them, or taxes or assessments upon property or loan obligations acquired or used by the authority or upon the income from them.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-120 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-120. Defaults by eligible entities.

 (A) If an eligible entity fails to collect and remit in full all amounts due to the authority on the date these amounts are due under the terms of any note or other obligation of an eligible entity, the authority shall notify the State Treasurer who, subject to the withholding of amounts under Section 14, Article X of the Constitution, shall withhold all or a portion of the funds of the State and all funds administered by the State allotted or appropriated to the eligible entity and apply an amount necessary to the payment of the amount due.  (B) Nothing contained in this section mandates the withholding of funds allocated to an eligible entity which would violate contracts to which the State is a party or judgments of a court binding on the State.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-130 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-130. Liability of authority, officers, employees, or committees.

 Neither the authority nor any officer, employee, or committee of the authority acting on behalf of it, while acting within the scope of this authority, is subject to any liability resulting from carrying out any of the powers given in this chapter.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-140 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-140. Additional notices, proceedings or publications not required; not subject to referendum.

 Notice, proceeding, or publication, except those required in this chapter, are not necessary to the performance of any act authorized in this chapter nor is any act of the authority subject to any referendum.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-150 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-150. Deposit of money of authority; investment of funds.

 All money of the authority and in the Rural Infrastructure Fund, except as authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Section 11-9-660.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-160 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-160. Annual reports; audit of books and accounts.

 Following the close of each state fiscal year, the authority shall submit an annual report of its activities for the preceding year to the Governor and to the General Assembly. Also, the authority shall submit an annual report of any loans or other financial assistance, excluding grants, to the Joint Bond Review Committee. An independent certified public accountant shall perform an audit of the books and accounts of the authority at least once in each state fiscal year.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010; 2014 Act No. 195 (S.812), Section 4, eff June 2, 2014.  Effect of Amendment  2014 Act No. 195, Section 4, add the second sentence, relating to submittal of an annual report.
SC Code § 11-50-170 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-170. Liberal construction; approval of ad valorem property taxes.

 (A) This chapter, being for the welfare of this State and its inhabitants, must be liberally construed to effect the purposes specified in this chapter. However, nothing in this chapter must be construed as affecting any proceeding, notice, or approval required by law for the issuance by an eligible entity of the loan obligations, instruments, or security for loan obligations.  (B) Where the governing body of an eligible entity does not have unlimited fiscal autonomy granting them the right to impose ad valorem property taxes for general operating purposes without limitation, the public entity, if applicable, which has the authority to approve ad valorem property taxes for general operating purposes without limitation also must approve a loan or security obligation provided by this chapter.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-180 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-180. Severability provision.

 If any provision of this chapter is held or determined to be unconstitutional, invalid, or otherwise unenforceable by a court of competent jurisdiction, it is the intention of the General Assembly that the provision is severable from the remaining provisions of the chapter and that the holding does not invalidate or render unenforceable another provision of the chapter.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-51-10 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-10. Short title.

 This chapter may be cited as the "South Carolina Research University Infrastructure Act".  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-30. Definitions.

 As used in this chapter:  (1) "Facilities and administration costs" means depreciation and use allowances, interest on debt associated with buildings, equipment and capital improvements, operation and maintenance expenses, library expenses, general administration expenses, departmental administration, sponsored projects administration, and student administration and services.  (2) "General obligation debt" means any indebtedness of the State which must be secured in whole or in part by a pledge of the full faith, credit and taxing power of the State, including, but not limited to, bonds, notes, and other evidences of indebtedness, and issued pursuant to the provisions of this chapter.  (3) "Research Centers of Excellence Review Board" means the board created pursuant to Section 2-75-10.  (4) "Research infrastructure project" or " project" means a project that would advance economic development and create a knowledge based economy, thereby increasing job opportunities, or facilitate and increase externally funded research at the research universities, including, but not limited to, land acquisition, acquisition or construction of buildings, equipment, furnishings, site preparation, road and highway improvements, water and sewer infrastructure, and other things necessary or convenient to advance economic development or to facilitate and increase research at the research universities.  (5) "Research universities" means Clemson University, The Medical University of South Carolina, and the University of South Carolina-Columbia.  (6) "State board" means the governing board of the State Fiscal Accountability Authority.  HISTORY: 2004 Act No. 187, Section 9; 2014 Act No. 121 (S.22), Pt VII, Section 20.L.1, eff July 1, 2015.  Effect of Amendment  2014 Act No. 121, Section 20.L.1, in subsection (6), substituted "governing board of the State Fiscal Accountability Authority" for "South Carolina State Budget and Control Board".
SC Code § 11-51-40 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-40. Issuance of general obligation debt authorized; limitations.

 To obtain funds for allocation to the research universities for the financing of research infrastructure projects, and for the other purposes set forth in Section 11-51-125, there may be issued general obligation debt pursuant to the conditions prescribed by this chapter; provided, however, that the amount of the general obligation debt issued pursuant to this chapter that may be outstanding at any one time shall not exceed two hundred fifty million dollars.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-50 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-50. Maximum annual debt service at time of issuance.

 (A) Pursuant to the provisions of Section 13(6)(c), Article X of the Constitution of this State, 1895, as amended, and by enactment of this chapter, the General Assembly provides that general obligation debt may be issued pursuant to this chapter only at such times as the maximum annual debt service on all general obligation bonds of the State, including economic development bonds and bonds issued pursuant to this chapter, outstanding and being issued, but excluding highway bonds, state institution bonds, tax anticipation notes, and bond anticipation notes, will not exceed six percent of the general revenues of the State for the fiscal year next preceding, excluding revenues that are authorized to be pledged for state highway bonds and state institution bonds. The State may not issue general obligation bonds, excluding economic development bonds and bonds authorized pursuant to this chapter, highway bonds, state institution bonds, tax anticipation notes, and bond anticipation notes, if at the time of issuance the maximum annual debt service on these general obligation bonds, outstanding and being issued, exceeds five percent of the general revenues of the State for the fiscal year next preceding, excluding revenues that are authorized to be pledged for state highway bonds and state institution bonds.  (B) At the time of issuance of general obligation debt pursuant to this chapter, the maximum annual debt service on such general obligation debt outstanding or being issued must not exceed one-half of one percent of the general revenues of this State for the fiscal year next preceding, excluding revenues which are authorized to be pledged for state highway bonds and state institution bonds.  (C) With respect to the first eight hundred fifty million dollars in principal amount of general obligation bonds issued after the effective date of this chapter within the debt service constraints set forth in subsections (A) and (B) of this section, the General Assembly provides additional constitutional authorization for such bonds pursuant to Section 13(5), Article X of the Constitution of this State, 1895.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-60 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-60. Research infrastructure project used for unapproved purpose; reimbursement of debt service to State.

 In the event a research infrastructure project is used for a purpose other than as approved by the Research Centers of Excellence Review Board pursuant to Section 11-51-80(2), the research university for which the research infrastructure project was originally established shall reimburse the State a percentage of debt service on the general obligation debt issued to finance the debt, the percentage to be equal to the percentage of the research infrastructure project which is used for an unapproved purpose. Amounts reimbursed to the State pursuant to this section must be applied, as directed by the state board, to the debt service on the applicable general obligation debt, either currently or by way of defeasance, or to the general fund of the State.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-70 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-70. Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.

 As a condition precedent to the issuance of general obligation debt pursuant to the provisions of this chapter, the Research Centers of Excellence Review Board shall certify to the state board that at least fifty percent of the cost of each research infrastructure project is being provided by private, federal, municipal, county, or other local government sources. This portion of the cost, in the discretion of the Research Centers of Excellence Review Board, may be in the form of cash; cash equivalent; buildings including sale-lease back; gifts in kind including, but not limited to, land, roads, water and sewer, and maintenance of infrastructure; facilities and administration costs; equipment; or furnishings.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-80 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-80. Information provided to Joint Bond Review Committee and State Budget and Control Board prior to issuance of general obligation debt.

 Before the issuance of general obligation debt, the Research Centers of Excellence Review Board shall provide the Joint Bond Review Committee and the state board the following:  (1) a description of each research infrastructure project for which general obligation debt is requested to be issued;  (2) a certification by the Research Centers of Excellence Review Board that the provisions of Section 11-51-70 have been met, that the source of funding has been identified, and that each research infrastructure project complies with the provisions of this chapter;  (3) the total cost of each research infrastructure project and the principal amount of general obligation debt requested to be issued;  (4) a tentative time schedule setting forth the period of time during which the proceeds of the general obligation debt requested to be issued will be expended;  (5) a debt service schedule showing the annual principal and interest requirements, at a projected current rate of interest, on the requested general obligation debt;  (6) the total amount of the general obligation debt issued pursuant to this chapter; and  (7) a debt service schedule showing the principal and interest requirements for the general obligation debt outstanding and the proposed general obligation debt at a projected current rate of interest.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-90 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-90. Principal amount of general obligation debt provided on a competitive basis.

 The principal amount of the general obligation debt allocated to research universities pursuant to Section 11-51-125 must be provided to each of the research universities on a competitive basis by the Research Centers of Excellence Review Board.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-100. Issuance of general obligation debt or anticipation notes.

 Following the receipt of the information presented pursuant to Section 11-51-80, and after approval by the Joint Bond Review Committee, the state board, by resolution duly adopted, shall effect the issuance of general obligation debt, or pending the issuance of the general obligation debt, effect the issuance of general obligation debt anticipation notes pursuant to Chapter 17 of this title.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-110 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-110. Resolution by State Budget and Control Board authorizing issuance of general obligation debt.

 To effect the issuance of general obligation debt, the state board shall adopt a resolution providing for the issuance of general obligation debt pursuant to the provisions of this chapter. The authorizing resolution must include:  (1) a schedule showing the aggregate principal amount of general obligation debt issued, the annual principal payments required to retire the general obligation debt, and the interest on the general obligation debt;  (2) the amount of general obligation debt proposed to be issued;  (3) a schedule showing future annual principal requirements and estimated annual interest requirements on the general obligation debt to be issued;  (4) a certificate evidencing that the provisions of Section 11-51-70 of this chapter have been or will be met; and  (5) a certificate of the State Auditor as to the general fund revenues of the State for the fiscal year next preceding, excluding revenues pledged to the payment of state highway bonds and state institution bonds.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-120 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-120. Maturity, payment, and interest rates.

 The general obligation debt must bear the date and mature at the time that the state board resolution provides, except that the general obligation debt may not mature more than thirty years from its date of issue. The general obligation debt may be in the denominations, be payable in the medium of payment, be payable at the place and at the time, and be subject to redemption or repurchase and contain other provisions determined by the state board before its issue. The general obligation debt may bear interest payable at the times and at the rates determined by the state board.  HISTORY: 2004 Act No. 187, Section 9.
SC Code § 11-51-130 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 51 - South Carolina Research University Infrastructure Act|Section 11-51-130. General obligation debt exempt from taxation.

 General obligation debt issued pursuant to this chapter is exempt from taxation as provided in Section 12-2-50.  HISTORY: 2004 Act No. 187, Section 9.