reglab/housing_qa huggingface dataset:
SC Code § 31-1-410 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-410. Approval of projects.

 No housing project proposed by a limited dividend housing company incorporated under this chapter shall be undertaken and no building or other construction shall be placed under contract or started without the approval of the director. No housing project shall be approved by the director unless:  (1) it shall appear practicable to rent the housing accommodations to be created at rentals not exceeding those prescribed by the director;  (2) the project will not be in contravention of any zoning or building ordinance in effect in the locality in which the housing accommodations are to be located;  (3) there shall be submitted to the director a financial plan in such form and with such assurance as the director may prescribe to raise the actual cost of the lands and projected improvements by subscriptions to or the sale of the stock, income debentures and mortgage bonds of such corporation, which plan may provide for the raising of working capital in an amount to be approved by the director not to exceed three percent of the actual cost through the investment in stock and income debentures of the corporation;  (4) there shall be such plans of site development and buildings as show conformity to reasonable standards of health, sanitation, safety and provision for light and air, accompanied by proper specifications and estimates of cost, such plans and specifications in any case not falling below the requirements of the health, sanitation, safety and housing laws of the State and meeting superior requirements if prescribed by local laws and ordinances;  (5) the plans and specifications mentioned in item (4) shall have been submitted to the city council or other governing body of the city in which the housing project is located;  (6) if required by the director, the corporation shall deposit all moneys received by it as proceeds of its mortgage bonds, notes, income debentures or stock with a trustee which shall be a banking corporation authorized to do business in this State and to perform trust functions; and  (7) the acceptance of a designee of the director as a member of the board of directors of such corporation.  HISTORY: 1962 Code Section 36-31; 1952 Code Section 36-31; 1942 Code Section 5271-8; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-420 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-420. Action by city council on plans, adoptions, or rejections by director.

 The city council to which plans and specifications shall have been submitted pursuant to item (5) of Section 31-1-410 shall return such plans and specifications to the director within fifteen days of their receipt by the council, together with such statements and recommendations as the council may desire to make. It shall be within the discretion of the director to adopt or to reject any or all of such recommendations.  HISTORY: 1962 Code Section 36-32; 1952 Code Section 36-32; 1942 Code Section 5271-8; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-430 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-430. Charges included in term "cost".

 Whenever reference is made in this chapter to the cost of projects or of buildings and improvements in projects, such cost shall include charges for financing and supervision approved by the director and carrying charges during construction required in the project, including interest on borrowed, and, when approved by the director, on invested capital.  HISTORY: 1962 Code Section 36-33; 1952 Code Section 36-33; 1942 Code Section 5271-8; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-440 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-440. Receipt and disbursement of funds by trustee.

 A trustee to whom moneys are payable pursuant to requirements of the director made pursuant to item (6) of Section 31-1-410 shall receive such moneys and make payment therefrom for the acquisition of land, the construction of improvements and other items entering into the cost of land improvement upon presentation of draft, check or order signed by a proper officer of the corporation and, if required by the director, countersigned by the director or a person designated by the director for such purpose. Any funds remaining in the custody of such trustee after the completion of the project and payment or arrangement in a manner satisfactory to the director for payment in full thereof shall be paid to the corporation.  HISTORY: 1962 Code Section 36-34; 1952 Code Section 36-34; 1942 Code Section 5271-8; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-450 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-450. Acquisition of required land.

 When the director shall have approved a project for the construction of housing accommodations presented to it by a limited dividend housing corporation, the corporation may undertake the acquisition of the property needed for the project. Such property may be acquired by gift, bequest or purchase or by the exercise of the power of eminent domain under and pursuant to the law providing for the appropriation or condemnation of private property by corporations.  HISTORY: 1962 Code Section 36-35; 1952 Code Section 36-35; 1942 Code Section 5271-16; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-460 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-460. Prerequisites to condemnation.

 The power of eminent domain shall not be exercised by a limited dividend housing corporation except with specific authorization of such action by the director and for such purpose the director shall specify that the acquisition of the property and the construction of the particular housing accommodations in connection with which the power is required has been determined by the director, after public hearing, to be in the public interest and necessary for the public use. The hearing shall be held at a time and place appointed by the director and notice of such hearing shall be given by the corporation by one publication in a newspaper, designated by the director, published or circulated in the city or county wherein the property is located at least ten days prior to such hearing. The owner, as shown upon the county auditor's current tax duplicate, of such property as is proposed to be acquired shall also be notified at least ten days prior to such hearing by registered mail addressed to the last known address of such owner.  The director may expressly except from its certificate hereunder, as unnecessary to the plan, any part of the property proposed to be acquired. The approval by the director of the project shall be deemed in any proceeding to acquire land by appropriation as sufficient evidence of the necessity of the appropriation and a duly certified copy of the certificate of the director shall be conclusive evidence as to the matters lawfully certified therein in any appropriation proceeding.  HISTORY: 1962 Code Section 36-36; 1952 Code Section 36-36; 1942 Code Section 5271-16; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-470 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-470. Sale or purchase of lands to or from municipality.

 Whenever the council of any municipality in which a project approved by the director is located shall determine by ordinance that any part of the land included in any such project should be maintained as a public park or grounds, such land may be purchased by the municipality for such purpose and thereafter be maintained as a public park or grounds. The council of a municipality by ordinance may also determine that real property of the municipality, specified and described in such ordinance, is not required for use by the municipality and may sell or lease such real property to a limited dividend housing corporation incorporated under this chapter.  HISTORY: 1962 Code Section 36-37; 1952 Code Section 36-37; 1942 Code Section 5271-17; 1933 (38) 176; 1945 (44) 156; 1993 Act No. 181, Section 500.
SC Code § 31-1-480 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-480. Purchases by one limited dividend housing corporation of property of another.

 Before any limited dividend housing company incorporated under this chapter shall purchase the property of any other limited dividend housing corporation, it shall file an application with the director in the manner herein provided as for a new project and shall obtain the consent of the director to the purchase and agree to be bound by the provisions of this chapter and the director shall not give his consent unless it is shown to his satisfaction that the project is one that can be successfully operated according to the provisions of this chapter.  HISTORY: 1962 Code Section 36-38; 1952 Code Section 36-38; 1942 Code Section 5271-27; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-490 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-490. Consolidated and extended projects; operation of more than one project.

 The director may permit the consolidation of two or more approved projects, the extension or amendment of any approved project or the consolidation of any approved project with a proposed project. In any of these events the consolidated project shall be treated as an original project and an application shall be submitted as in the case of an original project and rents may be averaged throughout the consolidated or extended project. The director may likewise permit or decline to permit any limited dividend corporation to organize and operate more than one project or to take over any project heretofore approved by the director and operate it independently of other projects of the corporation.  HISTORY: 1962 Code Section 36-39; 1952 Code Section 36-39; 1942 Code Section 5271-11; 1933 (38) 176; 1993 Act No. 181, Section 500.
SC Code § 31-1-610 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-610. Control of rentals.

 The director shall fix the maximum rental or charges per room to be charged the tenants of the housing accommodations furnished by any limited dividend housing corporation. Such maximum rental or charges shall be determined upon the basis of the actual final cost of the project containing such rooms so as to secure, together with all other income of the corporation, a sufficient income to meet all necessary payments to be made by the corporation as herein prescribed and such room rental rates or charges shall be subject to revision by the director from time to time. Letting, subletting or assignment of leases of apartments in such housing accommodations at greater rentals than prescribed by the order of the director are prohibited and all such leases will be void for all purposes.  HISTORY: 1962 Code Section 36-51; 1952 Code Section 36-51; 1942 Code Section 5271-13; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-620 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-620. Payments covered by rentals.

 The payments to be made by such corporation shall be:  (1) all fixed charges and all operating and maintenance charges and expenses which shall include taxes, assessments, insurance, amortization charges in amounts approved by the director to amortize the mortgage indebtedness in whole or in part, depreciation charges if, when and to the extent deemed necessary by the director, reserves, sinking fund and corporate expenses essential to the operation and management of the project in amounts approved by the director;  (2) a dividend not exceeding the maximum fixed by this chapter upon the stock of the corporation allotted to the project by the director; and  (3) when feasible in the judgment of the director, a sinking fund in an amount to be fixed by the director for the gradual retirement of the stock and income debentures of the corporation to the extent permitted by this chapter.  HISTORY: 1962 Code Section 36-52; 1952 Code Section 36-52; 1942 Code Section 5271-13; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-630 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-630. Reduction of rentals.

 If in any calendar or fiscal year the gross receipts of any company formed hereunder should exceed the payments or charges specified in Section 31-1-620, the sums necessary to pay dividends, interest accrued or unpaid on any stock or income debentures and the authorized transfer to surplus, the balance shall, unless the board of directors with the approval of the director shall deem such balance too small for the purpose, be applied to the reduction of rentals.  HISTORY: 1962 Code Section 36-53; 1952 Code Section 36-53; 1942 Code Section 5271-25; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-640 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-640. Surplus; maximum payments on dissolution.

 The amounts of net earnings transferable to surplus in any year after making or providing for the payments specified in Section 31-1-620 shall be subject to the approval of the director. The amount of such surplus shall not exceed fifteen percent of the outstanding capital stock and income debentures of the corporation, but the surplus so limited shall not be deemed to include any increase in assets due to the reduction of a mortgage or amortization or similar payments. On dissolution of any limited dividend housing corporation the stockholders and income debenture certificate holders shall in no event receive more than the par value of their stock and debentures plus accumulated, accrued and unpaid dividends or interest and any remaining surplus shall be paid into the general fund of the State.  HISTORY: 1962 Code Section 36-54; 1952 Code Section 36-54; 1942 Code Section 5271-24; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-650 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-650. Summary proceedings for mandamus or injunction against limited dividend housing corporations.

 Whenever the director shall be of the opinion that any such limited dividend housing corporation is failing or omitting or about to fail or omit to do, anything required of it by law or by order of the director and is doing or about to do anything or permitting anything or about to permit anything to be done, contrary to or in violation of law or of any order of the director or which is improvident or prejudicial to the interests of the public, the lienholders or the stockholders, it may commence an action or proceeding in the court of common pleas of the county in which the corporation is located, in the name of the director, for the purpose of having such violations or threatened violations stopped and prevented either by mandamus or injunction.  HISTORY: 1962 Code Section 36-55; 1952 Code Section 36-55; 1942 Code Section 5271-15; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-660 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-660. Procedure in actions against limited dividend housing corporations.

 The director shall begin such action or proceeding by a petition and complaint to the court of common pleas, alleging the violations complained of and praying for appropriate relief by way of mandamus or injunction. The court shall thereupon specify the time, not exceeding twenty days after service of a copy of the petition and complaint, within which the corporation complained of must answer the petition and complaint.  In case of default in answer or after answer the court shall immediately inquire into the facts and circumstances in such manner as the court shall direct without other or formal pleadings and without respect to any technical requirements. Such other persons or corporations as it shall seem to the court necessary or proper to join as parties in order to make its order or judgment effective may be joined as parties. The final judgment in any such action or proceeding shall either dismiss the action or proceeding or direct that a mandamus order or an injunction or both, be issued as prayed for in the petition and complaint or in such modified or other form as the court may determine will afford appropriate relief.  HISTORY: 1962 Code Section 36-56; 1952 Code Section 36-56; 1942 Code Section 5271-15; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-670 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-670. Mortgages and mortgage bonds.

 Any company incorporated under this chapter may, subject to the approval of the Secretary of Commerce, borrow funds and secure the repayment thereof by bond and mortgage or by an issue of bonds under a trust indenture. Each mortgage or issue of bonds by a company formed hereunder shall relate only to a single specified project and no other and such bonds shall be secured by mortgages upon all of the real property of which such project consists. The bonds so issued and secured and the mortgage or trust indenture relating thereto may create a first or senior lien and a second or junior lien upon the real property embraced in any project. Such bonds and mortgages may contain such other clauses and provisions as shall be approved by the Secretary of Commerce, including the right to assignment of rents and entry into possession in case of default, but the operation of the housing projects in the event of such entry by mortgagee, trustee or receiver shall be subject to the regulations of the Department of Commerce under this chapter. Provisions for the amortization of the bonded indebtedness of companies incorporated under this chapter shall be subject to the approval of the Secretary of Commerce.  HISTORY: 1962 Code Section 36-57; 1952 Code Section 36-57; 1942 Code Section 5271-23; 1933 (38) 176; 1993 Act No. 181, Section 501; 1994 Act No. 361, Section 9.
SC Code § 31-1-680 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-680. Foreclosure.

 In any foreclosure action the director shall be made a party defendant and shall take all steps in such action necessary to protect the interest of the public therein. No costs shall be awarded against the director. Foreclosure shall not be decreed unless the court to which application therefor is made shall be satisfied that the interests of the lienholder or holders cannot be adequately secured or safeguarded except by the sale of the property. In any such proceeding the court may make an order increasing the rental to be charged for the housing accommodations in the project involved in such foreclosure or appoint a receiver of the property or grant such other and further relief as may be reasonable and proper. In the event of a foreclosure sale or other judicial sale the property shall, except as provided in Section 31-1-690, be sold to a limited dividend housing corporation organized under this chapter, if such a corporation shall bid and pay a price for the property sufficient to pay court costs and all liens on the property with interest. Otherwise the property shall be sold free of all restrictions imposed by this chapter.  HISTORY: 1962 Code Section 36-58; 1952 Code Section 36-58; 1942 Code Section 5271-26; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-690 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-690. Foreclosures free of restrictions of Section 31-1-680.

 Notwithstanding the provisions of Section 31-1-680, whenever it shall appear that a corporation subject to the supervision either of the Insurance Department of South Carolina, the State Board of Bank Control or the federal government or any agency or department of the federal government, shall have loaned on a mortgage which is a lien upon any such property, such corporation shall have all the remedies available to a mortgagee under the laws of this State, free from any restrictions contained in Section 31-1-680, except that the director shall be made a party defendant and shall take all steps necessary to protect the interests of the public and no costs shall be awarded against it.  HISTORY: 1962 Code Section 36-59; 1952 Code Section 36-59; 1942 Code Section 5271-26; 1933 (38) 176; 1993 Act No. 181, Section 501; 1993 Act No. 181, Section 502.
SC Code § 31-1-700 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-700. Enforcement of judgments not relating to mortgage indebtedness.

 If a judgment is obtained against a limited dividend housing corporation in any action not pertaining to the collection of a mortgage indebtedness there shall be no sale of any of the real property of such corporation except upon sixty days' written notice to the director. Upon receipt of such notice the director shall take such steps as in its judgment may be necessary to protect the rights of all parties.  HISTORY: 1962 Code Section 36-60; 1952 Code Section 36-60; 1942 Code Section 5271-28; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-710 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-710. Reorganization of limited dividend housing corporations.

 Reorganization of limited dividend housing corporations shall be subject to the supervision and control of the director and no such reorganization shall be had without the authorization of such director.  Upon all such reorganizations the amount of capitalization, including therein all stocks, income debentures and bonds and other evidences of indebtedness shall be such as is authorized by the director which, in making its determination, shall not exceed the fair value of the property involved.  HISTORY: 1962 Code Section 36-61; 1952 Code Section 36-61; 1942 Code Section 5271-14; 1933 (38) 176; 1993 Act No. 181, Section 501.
SC Code § 31-1-810 (2021)
2021 South Carolina Code of Laws|Title 31 - Housing and Redevelopment|Chapter 1 - State Housing Law|Section 31-1-810. Standards of Federal Department of Housing and Urban Development adopted.

 Notwithstanding any existing provisions of law, municipal or county ordinance, or local building code, the standards for factory-built housing, housing prototypes, subsystems, materials and components certified as acceptable by the Federal Department of Housing and Urban Development are hereby deemed acceptable and approved for use in housing construction in this State. A certificate from the State Director of the Federal Housing Administration of the Department of Housing and Urban Development shall constitute prima facie evidence that the products or materials listed therein are acceptable and such certificates shall be furnished by the building contractor to any local building inspector or other local housing authority upon request.  HISTORY: 1962 Code Section 36-551; 1970 (56) 2578.  Editor's Note  Under the provisions of Chapter 34, Title 1, an agency is required to adopt the latest edition of a nationally recognized code which it is charged by statute or regulation with enforcing by giving notice in the State Register.