reglab/housing_qa huggingface dataset:
SC Code § 11-48-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 48 - Tobacco Qualified Escrow Fund Enforcement|Section 11-48-100. Violations of chapter; penalty.

 It is unlawful for any person knowingly to violate any provision of this chapter and any regulations promulgated pursuant to this chapter. Where no specific criminal penalty is provided in this chapter, such a violation is a misdemeanor, and upon conviction, the person must be fined not more than one thousand dollars or imprisoned for not more than one year, or both.  HISTORY: 2005 Act No. 61, Section 1.A.
SC Code § 11-48-110 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 48 - Tobacco Qualified Escrow Fund Enforcement|Section 11-48-110. Interpretation with Chapter 48.

 This Chapter 48 is intended as an aid to the enforcement of, and not as an amendment or modification to, Chapter 47 of this title. The General Assembly hereby finds and declares that any agreement of the State to enforce Chapter 47 of this title pursuant to the Master Settlement Agreement shall not be modified, varied, amended, supplemented, increased, or extended by the enactment and enforcement of this Chapter 48. Without limiting the generality of the foregoing, the interpretation and the method or degree of enforcement of this Chapter 48 shall not be allowed to serve as evidence that the provisions of Chapter 47 of this title are not being diligently enforced as contemplated by the Master Settlement Agreement.  HISTORY: 2005 Act No. 61, Section 1.A.
SC Code § 11-49-10 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-10. Short title.

 This chapter may be cited as the "Tobacco Settlement Revenue Management Authority Act".  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.  Editor's Note  2000 Act No. 387, Part II, Section 69A.6, provides as follows:  "If a provision of this subsection, including the provisions of Chapter 49, Title 11 of the 1976 Code as added by it, or the application of a provision to a person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this subsection or the chapter added by it which may be given effect without the invalid provision or application. To this end, the provisions of this subsection and the chapter added by it are severable."
SC Code § 11-49-20 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-20. Definitions.

 As used in this chapter:  (1) "Authority" means the Tobacco Settlement Revenue Management Authority, as established by this chapter.  (2) "Board" means the governing body of the authority.  (3) "Bonds" means special source bonds, notes, or other evidences of indebtedness of the authority payable solely from and secured solely by the State's tobacco receipts, issued pursuant to the authorizations contained in this chapter and in Section 13(9), Article X of the Constitution of this State. The bonds are "bonds" for purposes of Section 12-2-50 and any successor provision.  (4) "Escrow" means the escrow as that term is defined in the master settlement agreement.  (5) "Escrow agent" means the escrow agent as that term is defined in the master settlement agreement.  (6) "Independent auditor" means the independent auditor as that term is defined in the master settlement agreement.  (7) "Master settlement agreement" means the settlement agreement and related documents entered into on November 23, 1998, by the State and the four principal United States tobacco product manufacturers, as amended and supplemented.  (8) "Participating manufacturers" means the participating manufacturers as that term is defined in the master settlement agreement.  (9) "State" or "this State" means the State of South Carolina.  (10) "State's tobacco receipts" means all of the payments to be made by the escrow agent and derived from payments made by the participating manufacturers and allocated to this State under the master settlement agreement, other than pursuant to Article XVII of that agreement.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-30. Tobacco Settlement Revenue Management Authority created; purpose; termination.

 (A) There is created the Tobacco Settlement Revenue Management Authority, a public body corporate and politic and an instrumentality of this State, with the responsibility of effecting the public purpose of this chapter.  (B) The purpose of the authority is to receive all of the state's tobacco receipts, to issue bonds of the authority payable solely from and secured solely by the state's tobacco receipts or any tobacco receipts reserved fund created from it for the purposes authorized in this chapter, and to manage and dispose of the state's tobacco receipts for the purposes and in the manner authorized in this chapter.  (C) Upon termination of the existence of the authority, title to all property, real and personal, owned by it, including net earnings, vests in the State.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-40 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-40. Board; members; compensation; ethics; administrative assistance; personnel.

 (A) The authority is governed by a board that shall consist of the members of the State Fiscal Accountability Authority. All members serve ex officio.  (B) Members of the board serve without pay but are allowed the usual mileage, per diem, and subsistence as provided by law for members of state boards, committees, and commissions.  (C) Members of the board and its employees, if any, are subject to the provisions of Chapter 13, Title 8, the Ethics, Government Accountability, and Campaign Reform Act, and Chapter 17, Title 2, relating to lobbying.  (D) To the extent that administrative assistance is needed for the functions and operations of the authority, the board may obtain this assistance from the Office of the State Treasurer and the State Fiscal Accountability Authority, and any successor agency, office, or division, each of which must provide the assistance requested by the board at no cost to the board or to the authority other than for expenses incurred and paid to entities that are not agencies or departments of the State. The board must retain ultimate responsibility and provide proper oversight for the implementation of this chapter.  (E) The board shall exercise the powers of the authority. A majority of the members of the board constitutes a quorum for the purpose of conducting all business. The board shall determine the number of personnel it requires, their compensation, and duties.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2; 2014 Act No. 121 (S.22), Pt VII, Section 20.K, eff July 1, 2015.  Effect of Amendment  2014 Act No. 121, Section 20.K, rewrote subsection (A), in subsection (D), substituted "Fiscal Accountability Authority" for "Budget and Control Board", and made other nonsubstantive changes.
SC Code § 11-49-50 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-50. Tobacco receipts; assignment to authority.

 The State's tobacco receipts due to the State after June 30, 2001, and the right to receive them as they are distributed from the escrow are assigned to the authority. On and after the date these revenues are pledged, the State shall have no right, title, or interest in or to the state's tobacco receipts; and the state's tobacco receipts are property of the authority and not of the State, and must be owned, received, held, and disbursed by the authority or the trustee for the holders of bonds and not by the State. The State directs the independent auditor and the escrow agent to make all these payments to the authority in accordance with instructions that may be given by the authority from time to time. The assignment and direction made in this subsection are irrevocable during any time when bonds are outstanding under this chapter plus one year and one day thereafter and are a part of the contractual obligation owed to the bond holders. On or before the date of delivery of any bonds, the State through the State Treasurer shall notify the independent auditor and the escrow agent that the State's tobacco receipts have been assigned to the authority and shall instruct the independent auditor and the escrow agent that, subsequent to the delivery date for bonds and irrevocably during the time when any bonds are outstanding, the State's tobacco receipts are to be paid directly to the authority or its designee.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-55 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-55. State-grown crops; marketing, branding, and natural disaster relief assistance.

 Notwithstanding any other provision of law, and to the extent that funds are available and not otherwise committed or restricted by law or by contract, from the trust fund created pursuant to this chapter, the State Treasurer shall direct one million dollars annually for five fiscal years beginning with the first fiscal year in which funds are available, to the Department of Agriculture to cause the marketing and branding of South Carolina agricultural crops or produce as being grown in South Carolina when offered for sale in retail establishments and to assist in relief from natural disasters affecting state-grown crops.  HISTORY: 2010 Act No. 170, Section 4, eff May 13, 2010.
SC Code § 11-49-80 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-80. Board and authority assets limited to tobacco receipts.

 The authority and the board shall have no other assets or property except the State's tobacco receipts as received, and the right to receive the State's tobacco receipts.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-90 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-90. Power to incur debt.

 The authority and the board have no power to incur debt or obligations or in any way to encumber their assets except by the issuance of bonds, including the making of covenants in relation to the issuing of bonds and notes in anticipation of the issuance of the bonds, and the incurring of expenses and obligations as authorized in Section 11-49-60.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-100. Accounts to be maintained separately; annual report.

 All accounts of the authority must be held and maintained separately from all other funds, properties, assets, and accounts of this State and its other agencies. The board shall keep an accurate account of all of its activities and all of its receipts and expenditures and annually, in the month of January, shall make a report of its activities to the State Budget and Control Board, the report to be in a form prescribed by the State Budget and Control Board. Audited financial statements must be submitted to the Comptroller General by October fifteenth following the end of the fiscal year.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2; 2005 Act No. 164, Section 13.  Code Commissioner's Note  At the direction of the Code Commissioner, reference in this section to the former Budget and Control Board has not been changed pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), until further action by the General Assembly.
SC Code § 11-49-120 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-120. Taxation of bonds, interest from bonds, and property of authority; fiduciaries authorized to invest in bonds.

 (A) The bonds and the income from the bonds are exempt from all taxation in the State except for inheritance, estate, or transfer taxes, regardless of the federal income tax treatment of the interest from the bonds.  (B) The exercise of the powers granted by this chapter are in all respects for the benefit of the citizens of the State and for the promotion of their welfare, convenience, and prosperity. Property, whether real or personal, tangible or intangible, of the authority and the income and operations of the authority are exempt from taxation or assessment by the State or any of its political subdivisions.  (C) It is lawful for executors, administrators, guardians, committees, and other fiduciaries to invest any monies in their hands in bonds. Nothing contained in this section may be construed as relieving any person from the duty of exercising reasonable care in selecting investments.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-130 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-130. Excess tobacco receipts.

 All of the state's tobacco receipts not needed to pay (1) expenses of the authority during the next twelve months, or (2) debt service on bonds during the next twelve months, or fully to fund reserve accounts established by the board with respect to bonds, not less frequently than annually and at a time determined by the board in its resolutions authorizing the issuance of bonds, must be transferred to the funds as identified in Section 11-11-170. The determination by the board of the amount to be transferred is final and is not reviewable by any court or other body.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-140 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-140. Exemption from provisions of Chapter 23, Title 1.

 Notwithstanding any other provision of law, the provisions of Chapter 23, Title 1, do not apply to the actions of the board and the authority.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-150 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-150. Consent to and approval of master settlement agreement; modification.

 The General Assembly consents to and approves the Master Settlement Agreement on behalf of this State and all of its agencies, departments, offices, political subdivisions, and other instrumentalities and bodies politic; and no such agencies, departments, offices, political subdivisions, and other instrumentalities or bodies politic of the State shall have any power or authority to bring suit against the participating manufacturers for claims in the nature of those settled by the Master Settlement Agreement. At any time when bonds are outstanding and for one year and one day thereafter, the State must not agree to the amendment of the Master Settlement Agreement without the approval of the authority; during that period, the authority may approve on behalf of the State amendments to the Master Settlement Agreement if such amendments do not diminish the rights and remedies of the authority or the holders or any outstanding bonds. This restriction on amendment of the Master Settlement Agreement is a part of the covenant with the bondholders.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2; 2005 Act No. 61, Section 3.
SC Code § 11-49-160 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-160. Right of authority to fulfill agreements with bond holders protected.

 The State pledges and agrees with the authority, and the holders of the bonds in which the authority has included such pledge and agreement, that the State shall not limit or alter the rights of the authority to fulfill the terms of its agreements with such holders, and shall not in any way impair the rights and remedies of such holders or the security for such bonds until the bonds, together with the interest on them and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully paid and discharged.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-49-170 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 49 - Tobacco Settlement Revenue Management Authority Act|Section 11-49-170. Chapter to be liberally construed.

 This act and all powers granted by this chapter must be liberally construed to effectuate its intent and their purposes, without implied limitations on them. This chapter constitutes full and complete authority for all things herein contemplated to be done. All rights and powers granted in this chapter shall be as cumulative with those derived form other sources and shall not, except as expressly stated in this chapter, be construed in limitation thereof. Insofar as the provisions of this chapter are inconsistent with the provisions of any other act, general or special, the provisions of this chapter are controlling. If any clause, sentence, paragraph, section, or part of this chapter be adjudged by any court of competent jurisdiction to be invalid, this judgment shall not affect, impair, or invalidate the remainder of this chapter but is confined in its operation to the clause, sentence, paragraph, section, or part of the chapter directly involved in the controversy in which the judgment shall have been rendered.  HISTORY: 2000 Act No. 387, Part II, Section 69A.2.
SC Code § 11-50-10 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-10. Short title.

 This chapter may be referred to as the "South Carolina Rural Infrastructure Act".  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-20 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-20. Legislative findings.

 The General Assembly finds that:  (1) Adequate infrastructure facilities are an essential element in promoting economic growth and development that will provide jobs for the citizens of South Carolina.  (2) Traditional infrastructure financing methods in South Carolina cannot generate the resources necessary to fund the cost of rural infrastructure which are required for economic development.  (3) The State of South Carolina has the ability to provide for alternative methods of financing rural infrastructure which when combined with existing financing sources and methods will allow the State to address its rural infrastructure needs in a more timely and responsive manner.  (4) Loans and other financial assistance to municipalities, counties, special purpose and public service districts, and public works commissions can play an important part in meeting rural infrastructure needs. This assistance is in the public interest for the public benefit and good as a matter of legislative intent.  (5) The chapter provides an instrumentality to assist municipalities, counties, special purpose and public service districts, and public works commissions in constructing and improving rural infrastructure by providing loans and other financial assistance.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-30. South Carolina Rural Infrastructure Authority; creation; governance; purpose; fund.

 (A) There is created a body corporate and politic and an instrumentality of the State to be known as the South Carolina Rural Infrastructure Authority.  (B) The authority is governed by a board of directors as provided in this chapter.  (C) The corporate purpose of the authority is to select and assist in financing qualified rural infrastructure by providing loans and other financial assistance to municipalities, counties, special purpose and public service districts, and public works commissions for constructing and improving rural infrastructure facilities. The exercise by the authority of a power conferred in this chapter is an essential public function.  (D) The authority shall establish and maintain the South Carolina Rural Infrastructure Fund into which monies for the purposes of the authority must be deposited.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
SC Code § 11-50-50 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-50. Board of directors; terms; vacancies; compensation.

 (A) The board of directors is the governing board of the authority. The board consists of seven voting directors appointed as follows:  (1) six members who reside in or represent all or some portion of the counties designated as distressed or least developed pursuant to Section 12-6-3360 for 2009 or a county designated as such at the time of appointment; one appointed by the President of the Senate, one appointed by the Speaker of the House of Representatives, one appointed by the Chairman of the Senate Finance Committee, one appointed by the Chairman of the House Ways and Means Committee, and two appointed by the Governor. Notwithstanding the provisions of Section 8-13-770, the members appointed pursuant to this item (1) by the President of the Senate, Speaker of the House of Representatives, Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee may be members of the General Assembly and, if so appointed, shall serve ex officio; and  (2) the Secretary of Commerce, ex officio, who shall serve as chairman.  (B) Members not serving ex officio shall serve for terms of four years and until their successors are appointed and qualify except that of the members first appointed by the Speaker of the House, President of the Senate, and one of the members first appointed by the Governor, the member shall serve for a term of two years and the term must be noted on the appointment. Vacancies must be filled in the manner of original appointment for the unexpired portion of the term. Members shall serve without compensation, but are allowed mileage, subsistence, and per diem allowed by law for members of state boards, committees, and commissions.  HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010; 2012 Act No. 149, Section 1, eff April 23, 2012; 2014 Act No. 195 (S.812), Section 1, eff June 2, 2014; 2019 Act No. 1 (S.2), Section 46, eff January 31, 2019.  Effect of Amendment  The 2012 amendment rewrote item (1); and in item (2) substituted "Members not serving ex officio" for "Appointed members" in the first sentence, and added a comma after "without compensation" in the third sentence.  2014 Act No. 195, Section 1, in subsection (1), inserted "or a county designated as such at the time of appointment".  2019 Act No. 1, Section 46, inserted the (A) and (B) designators; in (A)(1), substituted "President of the Senate" for "President Pro Tempore of the Senate" in two places; and in (B), in the first sentence, substituted "President of the Senate" for "President Pro Tempore of the Senate".
SC Code § 11-50-55 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 50 - South Carolina Rural Infrastructure Act|Section 11-50-55. Director of the authority.

 The authority, by a majority vote of the board of directors, may hire a director for the authority, so long as at least one of the gubernatorial appointees and at least three of the legislative appointees vote in favor of the hiring.  HISTORY: 2012 Act No. 149, Section 2, eff April 23, 2012.