reglab/housing_qa huggingface dataset:
SC Code § 11-15-470 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-470. Maturities.

 Such refunding bonds shall mature in such annual series or installments, equal or unequal in amount, as the governing body shall provide, except that:  (1) The first maturing bonds shall mature within five years from the date as of which they are issued;  (2) Not less than two per cent of the aggregate of the issue shall mature in any year; and  (3) No bonds shall mature later than forty years from the date as of which they are issued.  HISTORY: 1962 Code Section 1-687; 1952 Code Section 1-687; 1951 (47) 755.
SC Code § 11-15-480 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-480. Redemption privilege.

 All refunding bonds maturing subsequent to fifteen years from their date shall be subject to redemption not later than fifteen years from their date and on all subsequent interest payment dates prior to their respective maturities. Bonds may be issued with a provision permitting their redemption on any interest payment date prior to their respective maturities. Bonds made subject to redemption prior to their stated maturities may contain a provision requiring the issuer to pay a premium for the privilege of exercising the right of redemption in such amount as the governing body shall have prescribed in the proceedings taken to authorize the issuance of such bonds. All bonds that are subject to redemption shall contain a statement to that effect on the face of each bond. In the proceedings authorizing the issuance of such bonds provision shall be made specifying the manner of call and the notice thereof that must be given.  HISTORY: 1962 Code Section 1-688; 1952 Code Section 1-688; 1951 (47) 755.
SC Code § 11-15-490 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-490. Negotiability; registration.

 All such refunding bonds shall be in the form of negotiable coupon bonds, payable to bearer, but may contain provisions granting to the holder the privilege of having them registered on the books of the treasurer of the issuer and the principal thus made payable to the registered holder (unless the last registered transfer shall have been to bearer) upon such conditions as the governing body may prescribe. Unless registered such bonds shall have all the qualities of negotiable instruments under the law merchant and the Uniform Commercial Code.  HISTORY: 1962 Code Section 1-689; 1952 Code Section 1-689; 1951 (47) 755.
SC Code § 11-15-500 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-500. Place of payment.

 Such refunding bonds shall be made payable at such place or places, within or without the State as the governing body shall provide.  HISTORY: 1962 Code Section 1-690; 1952 Code Section 1-690; 1951 (47) 755.
SC Code § 11-15-510 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-510. Execution of bonds.

 Such refunding bonds and the coupons annexed thereto shall be executed in the manner provided for by the governing body.  HISTORY: 1962 Code Section 1-691; 1952 Code Section 1-691; 1951 (47) 755.
SC Code § 11-15-520 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-520. Sale of bonds.

 Such refunding bonds shall be sold at public sale, after advertisement of sale in a newspaper having general circulation in the State or in a financial publication published in the city of New York or, in the discretion of the governing body, in both such publications. Such advertisement shall appear not less than ten days prior to the occasion set for such sale. The bonds may be disposed of at private sale if there are no bids received or if all bids are rejected. The provisions of this section shall not prevent a private sale to the United States of America or any agency thereof.  HISTORY: 1962 Code Section 1-692; 1952 Code Section 1-692; 1951 (47) 755.
SC Code § 11-15-530 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-530. Sales price.

 All refunding bonds must be sold at a price of not less than par and accrued interest to the date of delivery thereof.  HISTORY: 1962 Code Section 1-693; 1952 Code Section 1-693; 1951 (47) 755.
SC Code § 11-15-540 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-540. Pledges and covenants to ensure payment; ad valorem tax.

 For the payment of the principal and interest of such bonds as they respectively mature and for the creation of such sinking fund as may be necessary to provide for the prompt payment thereof, the full faith, credit, taxing power and resources of the issuer shall be irrevocably pledged, and there shall be levied and collected annually upon all taxable property of the issuer an ad valorem tax, without limitation as to rate or amount, sufficient for such purposes. The governing body of the issuer may, in its discretion, additionally secure the refunding bonds by a pledge of such revenues as were pledged to secure additionally the outstanding bonds. If such refunding bonds be additionally secured, covenants similar to those made in issuing the outstanding bonds may be made.  HISTORY: 1962 Code Section 1-694; 1952 Code Section 1-694; 1951 (47) 755.
SC Code § 11-15-550 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-550. Exemption from taxes.

 Refunding bonds issued under this article shall be exempt from all State, county, municipal, school district and other taxes or assessments, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise.  HISTORY: 1962 Code Section 1-695; 1952 Code Section 1-695; 1951 (47) 755.
SC Code § 11-15-560 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-560. Bonds legal for fiduciary and sinking fund commission investment.

 All executors, administrators, guardians, committees and fiduciaries and all sinking fund commissions may invest monies in their hands in bonds issued under this article.  HISTORY: 1962 Code Section 1-696; 1952 Code Section 1-696; 1951 (47) 755.
SC Code § 11-15-570 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-570. Use of bonds to pay taxes.

 The governing body of the issuer may provide in the proceedings taken in connection with the issuance of refunding bonds that either the bonds or the coupons shall be receivable for taxes due to the issuer during the year in which they respectively mature.  HISTORY: 1962 Code Section 1-697; 1952 Code Section 1-697; 1951 (47) 755.
SC Code § 11-15-580 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-580. Holder of bonds may require levying of taxes and enforce covenants.

 In the event the governing body shall fail to levy the taxes required to be levied or to perform the covenants undertaken in the issuance of the bonds, any holder of any of the bonds or coupons may require the levy of taxes and enforce the performance of the covenants by mandamus in any of the courts of this State.  HISTORY: 1962 Code Section 1-698; 1952 Code Section 1-698; 1951 (47) 755.
SC Code § 11-15-590 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-590. Deposit and use of proceeds.

 The proceeds derived from the sale of these bonds must be deposited in a special fund, separate and distinct from all other funds, and applied solely to the purposes for which the bonds are issued, except that the accrued interest, if any, must be used to discharge in part the first interest to become due on the bonds.  HISTORY: 1962 Code Section 1-699; 1952 Code Section 1-699; 1951 (47) 755; 2004 Act No. 184, Section 1.
SC Code § 11-15-600 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 15 - Bonds Of Political Subdivisions|Section 11-15-600. Refunding of special obligation bonds.

 Any issuer having outstanding special obligation bonds authorized by any special act of the General Assembly enacted prior to March 7, 1973, may utilize the procedure prescribed by this article to effect the refunding of such special obligation bonds, except that for the payment of the principal of and interest on such refunding bonds there shall be pledged all or any part of the revenues securing the outstanding bonds, and any and all covenants as may be deemed necessary or desirable may be made to implement such pledges.  HISTORY: 1976 Act No. 639 Section 2.
SC Code § 11-17-10 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-10. Definitions.

 (a) The term "bonds" shall mean general obligation bonds payable from ad valorem taxes, general obligation bonds additionally secured by any pledge of any assessments, or any pledge of revenues derived by the borrower from any revenue-producing facility, bonds payable solely from the revenues of any revenue-producing facility, and bonds payable solely from any assessments. The term "bonds" shall also include state highway bonds as defined pursuant to the provisions of item (10) of Section 57-11-210, as amended.  (b) The term "borrower" shall mean the State, any agency, department or institution of the State, any county, any incorporated city or town, any school district, any special purpose district, and all other political units now existing or hereafter created, which are appropriately authorized to borrow money and issue bonds.  (c) The term "governing body" shall mean that agency or body upon which is devolved by law the administrative and executive functions of the borrower.  (d) The term "person" shall mean any person, firm, corporation or governmental agency.  HISTORY: 1962 Code Section 1-621; 1965 (54) 150; 1993 Act No. 181, Section 92.
SC Code § 11-17-20 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-20. Borrowing in anticipation of receipt of proceeds of bonds authorized; debt evidenced by note; form and terms of notes.

 Any borrower, whenever authorized by general or special law, to issue bonds, may, pending the sale and issuance thereof, but within the limitations set forth in Section 11-17-60 of this chapter, borrow in anticipation of the receipt of the proceeds of bonds from any person, and evidence the debt by a note duly executed by the officers of the borrower authorized by the governing body of the borrower. The note shall be expressed to mature not later than one year from the date of its issuance except that if the note is issued in anticipation of the sale of bonds payable solely from a revenue-producing facility and there is in existence an agreement between the borrower and any federal agency pursuant to which such bonds are to be purchased by such federal agency, such note may be expressed to mature not later than three years from its date; such note may, but shall not be required to, be subject to redemption prior to its stated maturity, on such terms and conditions as the governing body of the borrower may prescribe, except that the maximum premium to be paid for prior redemption shall not exceed one half of one per centum. The note shall bear such rate of interest as the governing body shall determine and shall recite on its face that it is issued in anticipation of the issuance of bonds and is payable, both as to principal and interest, from the proceeds thereof.  HISTORY: 1962 Code Section 1-622; 1965 (54) 150; 1970 (56) 2061; 1979 Act No. 194, Part I, Section 13.
SC Code § 11-17-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-30. Use of other funds for payment of notes.

 It shall at all times be lawful for any borrower to utilize any other funds applicable therefor for the payment of the principal and interest of the note.  HISTORY: 1962 Code Section 1-622.1; 1970 (56) 2061.
SC Code § 11-17-40 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-40. Manner of issuing notes.

 The governing body may arrange the issuance of notes authorized by this chapter by negotiation or may cause them to be advertised and bids therefor received, under such conditions as the governing body shall prescribe.  HISTORY: 1962 Code Section 1-623; 1965 (54) 150.
SC Code § 11-17-50 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-50. Necessity of holding election before issuance of notes.

 Whenever the favorable result of an election is prescribed by the Constitution or applicable statute as a condition precedent to the issuance of bonds by the borrower, then prior to the issuance of any notes pursuant to this chapter, the election shall have been held and shall have resulted favorably to the issuance of such bonds.  HISTORY: 1962 Code Section 1-624; 1965 (54) 150.
SC Code § 11-17-60 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-60. Resolution of governing body; consent or approval required; renewal or refunding.

 Prior to the issuance of notes pursuant to this chapter, the governing body of the borrower shall adopt a resolution obligating the borrower to issue and sell, in the manner prescribed by law, bonds of the borrower in a specified amount and notes of the borrower may be issued pursuant to this chapter to the extent of not exceeding the amount of bonds so specified.  Provided, however, if any consent or approval shall be necessary prior to the issuance of bonds by the borrower, the borrower must obtain the same consent or approval prior to the issuance of temporary financing as provided herein.  All notes issued pursuant to this chapter may from time to time be renewed or refunded.  HISTORY: 1962 Code Section 1-625; 1965 (54) 150; 1966 (54) 2382; 1969 (56) 809.
SC Code § 11-17-70 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-70. Notes secured by full faith, credit, and taxing power of borrower.

 Notes issued pursuant to this chapter in anticipation of the issuance of general obligation bonds shall be general obligations of the borrower also secured by a pledge of the full faith, credit and taxing power of the borrower, and any governing body is authorized to make such a pledge in the proceedings providing for the issuance of any notes pursuant to this chapter in anticipation of the issuance of general obligation bonds.  HISTORY: 1962 Code Section 1-625.1; 1969 (56) 809.
SC Code § 11-17-80 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-80. Purpose of bonds deemed to include payment of notes.

 Whenever any borrower shall be authorized to issue bonds for any specific purpose, the purpose shall be deemed to include the monies required to meet the payment of the principal and interest of notes issued pursuant to this chapter.  HISTORY: 1962 Code Section 1-626; 1965 (54) 150.
SC Code § 11-17-90 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-90. Application of proceeds of notes.

 It shall be the duty of the governing body to apply the proceeds of any notes issued pursuant to this chapter to the purpose for which bonds are to be issued, but no purchaser of any notes shall be liable for the proper application of the proceeds.  HISTORY: 1962 Code Section 1-627; 1965 (54) 150.
SC Code § 11-17-100 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-100. Application of proceeds of bonds to payment of notes.

 Upon delivery of the bonds in anticipation of which a note or notes pursuant to this chapter have been issued, sufficient of the proceeds of such bonds shall be applied by the borrower to meet the payment of the principal and interest of such notes, unless the stated maturity of the notes shall be subsequent to the date as of which such bonds are issued; but, in all such instances, upon the delivery of the bonds, sufficient of the proceeds thereof shall be deposited in an irrevocable trust with the paying agent of the notes, or other financial institution, for the payment of the principal and interest of the notes upon their stated maturity.  HISTORY: 1962 Code Section 1-627.1; 1970 (56) 2061.
SC Code § 11-17-110 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-110. Tax exempt status of notes.

 All notes issued pursuant to this chapter and all interest to accrue thereon shall have the tax exempt status prescribed by Section 12-1-60.  HISTORY: 1962 Code Section 1-628; 1965 (54) 150.
SC Code § 11-17-120 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 17 - Borrowing By State, State Agencies, And Political Units In Anticipation Of Issuance Of Bonds|Section 11-17-120. Determining whether bonds for funding bond anticipation notes are issued within prescribed time limitation.

 Whenever, after the issuance of general obligation bond anticipation notes, it becomes necessary to determine whether or not general obligation bonds issued to provide funds with which to pay such notes (or any notes refunding such notes) have been issued within any time limitation prescribed therefor or in obedience to any condition imposed by law, the date of the issuance of the original notes shall be used for the purposes of such determination.  HISTORY: 1981 Act No. 3, Section 1.
SC Code § 11-18-5 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 18 - South Carolina Volume Cap Allocation Act|Section 11-18-5. Short title.

 This chapter shall be known as the "South Carolina Volume Cap Allocation Act".  HISTORY: 2010 Act No. 290, Section 15.A, eff June 23, 2010.
SC Code § 11-18-20 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 18 - South Carolina Volume Cap Allocation Act|Section 11-18-20. Definitions.

 (a) "ARRA Bonds" mean:  (1) recovery zone bonds authorized under Section 1401 of ARRA; and  (2) Qualified Energy Conservation Bonds authorized under Section 301(a) of Tax Extenders and Alternative Minimum Tax Relief Act of 2008, Pub. L. 110-343, 122 Stat. 1365 (2008) as amended by Section 112 of ARRA.  (b) "Board" means the State Fiscal Accountability Authority's governing board.  (c) "Code" means the Internal Revenue Code of 1986, as amended.  (d) "Local Government" means each county and municipality that received an allocation of Volume Cap pursuant to the Code and IRS Notice 2009-50.  (e) "Other federal bonds" mean any such bond, whether tax-exempt, taxable or tax credit, created after the date hereof whereby a volume cap limitation is proscribed under the Code.  (f) "Qualified energy conservation bond" means the term as defined in Section 54D(a) of the Code.  (g) "Recovery zone" means the term as defined in Section 1400U-1(b) of the Code.  (h) "Recovery zone economic development bond" means the term as defined in Section 1400U-2 of the Code.  (i) "Recovery zone facility bond" means the term as defined in Section 1400U-3 of the Code.  (j) "State" means the State of South Carolina.  (k) "Volume Cap" means the amount or other limitation of ARRA Bonds allocated to each state and to counties and large municipalities within each state in accordance with Section 1400U-1(a)(4) of the Code, with respect to Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds, Section 54D(e)(1) of the Code, with respect to Qualified Energy Conservation Bonds, and any other section of the Code which imposes a volume cap limitation on any other Federal Bonds.  HISTORY: 2010 Act No. 290, Section 15.A, eff June 23, 2010; 2014 Act No. 121 (S.22), Pt VII, Section 20.B.1, eff July 1, 2015.  Effect of Amendment  2014 Act No. 121, Section 20.B.1, in subsection (b), substituted "State Fiscal Accountability Authority's governing board" for "South Carolina Budget and Control Board".
SC Code § 11-18-30 (2021)
2021 South Carolina Code of Laws|Title 11 - Public Finance|Chapter 18 - South Carolina Volume Cap Allocation Act|Section 11-18-30. Volume Cap allocation.

 For any Volume Cap allocation of Qualified Energy Conservation Bonds and any other Volume Cap allocation for Other Federal Bonds, which has not been or shall not be further suballocated by the Code, the Internal Revenue Service or the United States Department of the Treasury, the board is authorized to suballocate such Volume Cap allocation.  HISTORY: 2010 Act No. 290, Section 15.A, eff June 23, 2010.