reglab/housing_qa huggingface dataset:
SC Code § 6-21-390 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-390. Rates for service.

 Rates for services furnished by any such system, project or combined system shall be fixed prior to the issuance of the bonds. Such rates shall be sufficient to provide for the payment of the interest upon and the principal of all such bonds as and when they become due and payable, to create a bond and interest redemption fund therefor, to provide for the payment of the expenses of administration and operation and such expenses for maintenance of the system, project or combined system as are necessary to preserve it in good repair and working order, to build up a reserve for depreciation of the existing system, project or combined system and to build up a reserve for improvements, betterments and extensions to the existing system, project or combined system other than those necessary to maintain it in good repair and working order as herein provided. Such rates shall be fixed and revised from time to time so as to produce these amounts and the governing body shall covenant and agree in the ordinance authorizing the issuance of the bonds and on the face of each bond at all times to maintain such rates for services furnished by such system, project or combined system as shall be sufficient to provide for the foregoing.  HISTORY: 1962 Code Section 59-397; 1952 Code Section 59-397; 1942 Code Section 9263; 1933 (38) 411.
SC Code § 6-21-400 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-400. Rates shall not be subject to regulations; permits shall not be required.

 Rates charged for services furnished by any system, project or combined system purchased, constructed, improved, enlarged, extended or repaired under the provisions of this chapter shall not be subject to supervision or regulation by any State bureau, board, commission or other like instrumentality or agency of the State and it shall not be necessary for any borrower operating under the provisions of this chapter to obtain any franchise or other permit from any State bureau, board, commission or other instrumentality of the State in order to construct, improve, enlarge, extend or repair any system, project or combined system named in this chapter. But the functions, powers and duties of the Department of Health and Environmental Control shall remain unaffected by this chapter.  HISTORY: 1962 Code Section 59-398; 1952 Code Section 59-398; 1942 Code Section 9270; 1933 (38) 411.
SC Code § 6-21-410 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-410. Payment for service by borrower.

 No free service shall be furnished by any such system, project or combined system to the municipality owning it or to any agency, instrumentality or person. The reasonable cost and value of any service rendered to any such borrower by any such system, project or combined system shall be charged against the borrower and shall be paid for monthly as the service accrues from the current funds or from the proceeds of taxes which the borrower, within constitutional limitations, is hereby authorized and required to levy in an amount sufficient for that purpose, and such funds, when so paid, shall be accounted for in the same manner as other revenues of such system, project or combined system.  HISTORY: 1962 Code Section 59-399; 1952 Code Section 59-399; 1942 Code Section 9260; 1933 (38) 411.
SC Code § 6-21-420 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-420. Accounting basis of system or project.

 The ordinance authorizing the issuance of such bonds shall definitely determine whether such system, project or combined system shall be operated upon a calendar, operating or fiscal year basis and the dates of the beginning and ending thereof.  HISTORY: 1962 Code Section 59-400; 1952 Code Section 59-400; 1942 Code Section 9266; 1933 (38) 411.
SC Code § 6-21-430 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-430. Custodian of Gross Revenues; Funds shall be In Form of Trust.

 The governing body of the borrower shall designate as custodian of the bond and interest redemption fund established pursuant to Section 6-21-440 a bank, depository, or trust company duly qualified and doing business within the State which shall be satisfactory to the governing body of such borrower. The bank, depository, or trust company shall signify its acceptance of such custodianship by a written instrument directed to the governing body of the borrower. Such fund from time to time held by such bank, depository, or trust company shall be impressed with a trust for the benefit of the persons entitled thereto.  HISTORY: 1962 Code Section 59-401; 1952 Code Section 59-401; 1942 Code Section 9265-1; 1933 (38) 411; 1936 (39) 1299; 1990 Act No. 603, Section 8.
SC Code § 6-21-450 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-450. Payment of expenses of operation or maintenance from other funds.

 Nothing in this chapter shall be construed to prohibit the borrower from appropriating and using any part of its available income or revenues derived from any source other than from the operation of such system, project or combined system in paying any immediate expenses of operation or maintenance of any such system, project or combined system. But nothing in this chapter shall be construed to require the borrower to do so.  HISTORY: 1962 Code Section 59-403; 1952 Code Section 59-403; 1942 Code Section 9265; 1933 (38) 411.
SC Code § 6-21-460 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-460. Bonds payable only from bond and interest redemption fund.

 Bonds issued under the provisions of this chapter shall be payable solely from the revenues in the bond and interest redemption fund.  HISTORY: 1962 Code Section 59-404; 1952 Code Section 59-404; 1942 Code Section 9264; 1933 (38) 411.
SC Code § 6-21-470 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-470. Excess contributions to bond and interest redemption fund.

 In the segregation and separation of the gross revenues into the several funds in Section 6-21-440 stated, the governing body may prescribe a reasonable excess amount to be placed in the bond and interest redemption fund from time to time during the earlier years of maturities of such bonds so as thereby to produce and provide a cushion fund to meet any possible deficiencies therein in maturities of future years. If such excess amounts are thus provided provision may be made in the ordinance for the scaling down of such amounts in future years if the surplus so provided in the earlier years may then be found to have been accumulated and to be available.  HISTORY: 1962 Code Section 59-405; 1952 Code Section 59-405; 1942 Code Section 9264; 1933 (38) 411.
SC Code § 6-21-480 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-480. Disposition of surplus in operation and maintenance fund.

 If any surplus shall be accumulated in the operation and maintenance fund which shall be equal to the cost of operating and maintaining the system, project or combined system during the remainder of the calendar, operating or fiscal year, as provided by the authorizing ordinance, and the cost of operating and maintaining the system, project or combined system during the succeeding like calendar, operating or fiscal year, any such surplus may be transferred at any time by the governing body to the depreciation fund, the contingent fund or the bond and interest redemption fund.  HISTORY: 1962 Code Section 59-406; 1952 Code Section 59-406; 1942 Code Section 9267; 1933 (38) 411.
SC Code § 6-21-490 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-490. Disposition of surplus in depreciation fund.

 If any surplus shall be accumulated in the depreciation fund over and above that which the governing body shall find may be necessary therein during the then present calendar, operating or fiscal year and the next ensuing calendar, operating or fiscal year, any such excess may be transferred to the contingent fund or the bond and interest redemption fund.  HISTORY: 1962 Code Section 59-407; 1952 Code Section 59-407; 1942 Code Section 9268; 1933 (38) 411.
SC Code § 6-21-500 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-500. Disposition of surplus in contingent fund.

 If any surplus shall be accumulated in the contingent fund over and above that which the governing body shall find may be necessary for reasonable and proper improvements, betterments and extensions to the existing system, project or combined system during the current calendar, operating or fiscal year and the next ensuing calendar, operating or fiscal year, any such excess may be transferred to the bond and interest redemption fund or may be applied, in so far as possible, in the purchase or retirement of outstanding bonds issued under the provisions of this chapter and for that purpose the governing body may purchase bonds not due in the open market at not more than the fair market value thereof. When such bonds are purchased for investment the income from such investment shall be carried into the contingent fund.  HISTORY: 1962 Code Section 59-408; 1952 Code Section 59-408; 1942 Code Section 9269; 1933 (38) 411.
SC Code § 6-21-510 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-510. Books and accounts; annual report; inspection.

 Any borrower issuing revenue bonds under the provisions of this chapter shall install and maintain proper books of record and account (separate entirely from other records and accounts of such borrower) in which full and correct entries shall be made of all dealings or transactions of or in relation to the properties, business and affairs of the system, project or combined system. The governing body of such borrower, not later than three months after the close of any calendar, operating or fiscal year, shall cause to be prepared a balance sheet and an income and surplus account, showing, respectively, in reasonable detail the financial condition of the system, project or combined system at the close of such preceding calendar, operating or fiscal year and the financial operations thereof during such year. Such balance sheets and income and surplus accounts shall at all reasonable times during usual business hours be open to examination and inspection by any taxpayer, user of the services furnished or holder of bonds issued under the provisions of this chapter or anyone acting for or on behalf of such taxpayer, user or bondholder.  HISTORY: 1962 Code Section 59-409; 1952 Code Section 59-409; 1942 Code Section 9271; 1933 (38) 411.
SC Code § 6-21-520 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-520. Limitation on obligation which may be incurred by municipality.

 No obligation shall be incurred by any municipality in any such construction, acquisition, extension or improvement except such as is payable solely from funds provided under the authority of this chapter.  HISTORY: 1962 Code Section 59-410; 1952 Code Section 59-410; 1942 Code Section 9242; 1933 (38) 411; 1934 (38) 1543.
SC Code § 6-21-530 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-530. Issuance of bonds without election or notice.

 This chapter shall be construed as authorizing the issuance of such bonds provided for herein without submitting the proposition for the approval of them to the voters of the borrower. When bonds are authorized under this chapter it shall not be necessary to make publication of any ordinance, resolution, notice or proceeding relating thereto. But nothing in this chapter shall be construed to prohibit the governing body from making such publication as it may deem necessary in relation thereto.  HISTORY: 1962 Code Section 59-411; 1952 Code Section 59-411; 1942 Code Section 9274; 1933 (38) 411.
SC Code § 6-21-540 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-540. Effect of former Public Works Administration Act.

 All sections, provisions and clauses of this chapter which were repugnant to or inconsistent with the provisions of the former Public Works Administration Act of the Congress of the United States are hereby declared void in so far as they were in conflict with the Public Works Administration Act, the intention of this chapter being to enable the political subdivisions of this State to qualify for any right, privilege or immunity granted by any act of the Congress of the United States or any board, commission, agency or instrumentality thereof.  HISTORY: 1962 Code Section 59-412; 1952 Code Section 59-412; 1942 Code Section 9244; 1933 (38) 411; 1934 (38) 1543.
SC Code § 6-21-550 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-550. Effect of chapter on existing contracts and liens.

 Nothing in this chapter shall be construed as authorizing any borrower to impair or commit a breach of the obligation of any valid lien or contract created or entered into by it, the intention hereof being to authorize the pledging, setting aside and segregation of gross revenues only when consistent with outstanding obligations of such borrower.  HISTORY: 1962 Code Section 59-413; 1952 Code Section 59-413; 1942 Code Section 9273; 1933 (38) 411.
SC Code § 6-21-560 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-560. Chapter shall be cumulative.

 This chapter shall be construed as cumulative authority for the purposes named in Section 6-21-50 and as to the manner and form of issuing revenue bonds for any such purpose and shall not be construed to repeal any existing laws with respect thereto, it being the purpose and intention of this chapter to create an additional and alternate method for the purposes herein named.  HISTORY: 1962 Code Section 59-414; 1952 Code Section 59-414; 1942 Code Section 9241; 1933 (38) 411; 1934 (38) 1543.
SC Code § 6-21-570 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 21 - Revenue Bond Act For Utilities|Section 6-21-570. Chapter shall be liberally construed.

 This chapter being necessary for and to secure the public health, safety, convenience and welfare of the counties, townships, cities and incorporated towns of the State shall be liberally construed to effect the purposes hereof.  HISTORY: 1962 Code Section 59-415; 1952 Code Section 59-415; 1942 Code Section 9275; 1933 (38) 411.
SC Code § 6-23-10 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 23 - Joint Municipal Electric Power And Energy Act|Section 6-23-10. Short title.

 This chapter may be cited as the "Joint Municipal Electric Power and Energy Act".  HISTORY: 1978 Act No. 473, Section 2.
SC Code § 6-23-30 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 23 - Joint Municipal Electric Power And Energy Act|Section 6-23-30. Planning, construction, and ownership of electric distribution facilities.

 In addition and supplemental to the powers granted to municipalities of the State, and in order to accomplish the purpose of this chapter, a municipality may plan, finance, develop, acquire, purchase, construct, reconstruct, improve, enlarge, own, operate, and maintain an undivided interest as a tenant-in-common in a project situated within or without the State jointly with one or more municipalities in this State or any other state, owning electric distribution facilities, or with any political subdivisions or agencies of any other state, and may make these plans and enter into these contracts in connection with them, not inconsistent with the provisions of this chapter, as are necessary or appropriate; provided, all municipal tenants-in-common must be located within the area generally served by the same electric supplier. The acquisition of a project or projects by municipalities as tenants-in-common by purchase is limited to a project or projects under construction on the date of approval of this chapter, or a project or projects on which construction will commence subsequent to the date of approval of this chapter. The amount of capacity and output of a project purchased by municipal tenants-in-common may not be less than ten percent of the rated capacity of the project.  Municipal tenants-in-common pursuant to the provisions of this section, by contract, may waive their right of partition either in kind or by sale. The power and right to enter into agreements to waive the right of judicial partition authorized by this section are in addition to these powers and rights already authorized by the laws of South Carolina.  Nothing contained in this section prevents a municipality or municipalities from undertaking studies to determine whether there is a need for a project or whether the project is feasible.  HISTORY: 1978 Act No. 473, Section 4; 1979 Act No. 176, Section 1; 2007 Act No. 32, Section 1, eff May 22, 2007.  Effect of Amendment  The 2007 amendment, in the first undesignated paragraph, in the second sentence substituted "is" for "from an electric supplier generally serving the area in which the municipal tenants in common are located; provided, further, such purchase shall be", and made nonsubstantive language changes throughout the section.
SC Code § 6-23-50 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 23 - Joint Municipal Electric Power And Energy Act|Section 6-23-50. Formation of joint agency; certificate as proof of existence.

 Upon fulfilling the requirements set forth in Section 6-23-40 hereof, the governing body of each municipality which determines that its participation in the proposed joint agency is in its best interest shall by resolution appoint one representative of the proposed joint agency. Any two or more representatives so appointed shall file with the Secretary of State an application signed by a representative of each proposed member municipality setting forth:  (a) The names of all the proposed member municipalities and their respective appointed representatives;  (b) A certified copy of the resolution or ordinance of each member municipality determining it is in its best interest to participate in the proposed joint agency and the resolution appointing such representative;  (c) The desire that the joint agency be organized as a public body and a body corporate and politic under this chapter; and  (d) The name which is proposed for the joint agency. The Secretary of State shall examine the application and, before filing such application, shall determine that the application complies with the requirements set forth above and, in addition, that the proposed name of the joint agency is not identical with that of any other corporation of the State or any agency or instrumentality thereof or so nearly similar as to lead to confusion and uncertainty. Thereupon, the Secretary of State shall receive and file the application.  When the application has been made and filed as provided herein, the Secretary of State shall make and issue a corporate certificate which shall be filed with the application, and the joint agency shall thereupon be and constitute a public body corporate and politic under the name proposed in the application. The corporate certificate shall set forth the names of the member municipalities and the name of the joint agency. The existence of the joint agency shall begin when the corporate certificate is issued by the Secretary of State. Notice of the issuance of such corporate certificate shall be given to all member municipalities of the joint agency by the Secretary of State. The joint agency shall give notice of the issuance of such corporate certificate to the Public Service Commission.  In any suit, action or proceeding involving the validity or enforcement of, or relating to, any contract of the joint agency, the joint agency, in the absence of establishing fraud, shall be conclusively deemed to have been established in accordance with the provisions of this chapter upon proof of the issuance of the aforesaid certificate by the Secretary of State. A copy of such certificate, duly certified by the Secretary of State, shall be admissible in evidence in any such suit, action or proceeding, and shall be conclusive proof of the filing and contents thereof.  HISTORY: 1978 Act No. 473, Section 6.
SC Code § 6-23-80 (2021)
2021 South Carolina Code of Laws|Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions|Chapter 23 - Joint Municipal Electric Power And Energy Act|Section 6-23-80. Executive committee.

 The board of directors of a joint agency may create an executive committee the composition of which shall be set forth in the bylaws of the joint agency. The composition of the executive committee shall afford a fair representation of the member municipalities. The executive committee shall have and shall exercise such of the powers and authority of the board of directors during the intervals between the board's meetings in accordance with the board's bylaws, rules, motions or resolutions. The terms of office of the members of the executive committee and the method of filling vacancies therein shall be fixed by the bylaws of the joint agency.  HISTORY: 1978 Act No. 473, Section 9; 1979 Act No. 176, Section 6.