reglab/housing_qa huggingface dataset:
SC Code § 13-17-90 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-90. Exemption from taxation.

 It is found and declared that the project authorized by this chapter is in all respects for the benefit of all the people of the State, for the improvement of their welfare and material prosperity, and is a public purpose and a corporation owned completely by the people of the State. The authority shall pay no taxes or assessments including, but not limited to, income tax, sales and use tax, and property tax upon any of the property acquired by it or upon any of its activities; except that the authority is entitled to the above-referenced sales and use tax exemption only in (1) transactions to obtain tangible personal property for the authority's own use or consumption, (2) transactions related to authority contracts with governmental entities and nonprofit entities, and (3) transactions related to authority contracts with private, for-profit entities doing business in South Carolina, where these contracts do not place these entities in competition with other private, for-profit entities doing business in South Carolina. The securities and other obligations issued by the authority, their transfer, and the income is free from taxation. After payment of necessary operating expenses and all annual debt requirements, the authority shall reinvest net earnings furthering the purposes of this chapter.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 1990 Act No. 581, Section 2, eff June 11, 1990; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-100 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-100. State not obligated, liable, or responsible.

 Nothing contained in the provisions of this chapter, at any time or in any manner, shall involve the credit and taxing power of the State, or of any of its political subdivisions; nor shall any of the securities or other evidences of indebtedness authorized to be issued in and by this chapter ever be or constitute obligations of the State or any of its political subdivisions; nor shall the State or any of its political subdivisions ever be liable or responsible, in any way, for the payment of the principal or interest of or on a security or another evidence of indebtedness.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-130 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-130. Assistance to public and private universities.

 The authority may assist public and private universities in South Carolina in their efforts to identify and attract nationally prominent academic researchers and professors to accept positions in our schools following established university procedures. This assistance includes coordination of corporate contributions or the provision for direct subsidies to establish professorships and salary supplements competitive in the national markets. The sole determination for hiring resides with the individual institutions.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-140 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-140. Identification of common interest areas; promotion of universities.

 The authority shall identify subject areas of common interest to the public and private sectors and shall promote the use of South Carolina universities to perform research for private industries.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-150 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-150. Establishment of statewide professional research organization.

 The authority may establish, in cooperation with the state's colleges and universities, a statewide professional research organization to promote social, professional, and business relationships among researchers in the public and private sectors of the State. The organization established shall conduct regular, regional, and statewide meetings to provide a forum for research presentations and to bring researchers from various industries and universities together to discuss topics of common interest.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-160 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-160. Restrictions on authority.

 The authority may not interfere in the relationships colleges and universities have established or may establish in the future with industry. The authority may not infringe upon or compete with the rights of faculty members to pursue their own research interests or to secure funding for them. The authority may not inhibit similar scientific activities in the research parks, but the authority may promote individual parks for differing activities of scientific excellence.  HISTORY: 1983 Act No. 50 Section 2, eff April 29, 1983; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-170 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-170. Exemption of authority and its employees from certain Code provisions.

 The authority and its employees are exempt from the application of Title 8 (Public Officers and Employees), except for Chapter 5 (Nepotism), and Chapter 13 (Ethics and Disclosure), and Title 9 (State Retirement Systems).  HISTORY: 1984 Act No. 309, Section 3, eff March 23, 1984; 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-17-180 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 17 - South Carolina Research Authority|Section 13-17-180. Not-for-profit corporations; powers and limitations; annual audit.

 The authority is authorized to establish not-for-profit corporations it considers necessary or appropriate to carry out the purposes of this chapter. These corporations have the powers provided to corporations under applicable corporate law including, but not limited to, the ability to establish one or more for-profit or not-for-profit corporations, provided, however, that the for-profit corporations are subject to applicable federal and state taxes, and provided that the for-profit corporations may not compete with any for-profit corporations incorporated in South Carolina. These corporations shall engage an independent accounting firm to conduct an annual audit of their books and records.  HISTORY: 1996 Act No. 308, Section 2, eff upon approval (became law without the Governor's signature on May 7,1996); 2005 Act No. 133, Section 1, eff June 7, 2005.
SC Code § 13-19-10 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-10. Midlands Authority created; governing board; appointment and terms of board members; filling of vacancies.

 There is created the Midlands Authority of South Carolina, referred to in this chapter as the "authority". The governing body of the authority consists of a nine member board appointed by the Governor, with the advice and consent of the Senate, for terms of four years and until their successors are appointed and qualify. Vacancies must be filled in the manner of the original appointment for the unexpired portion of the term. Two members must be resident of each of the following counties: Richland, Lexington, Fairfield, and Newberry. One member must be appointed from the state at large. Vacancies on the board for any reason must be filled for the unexpired term in the manner of original appointment.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-20 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-20. Board officers; committees; meetings; quorum.

 The members of the board shall elect one member as chairman and one as vice-chairman and shall also elect a secretary. The board shall establish other offices, committees, and positions under its bylaws as it considers necessary. The board shall meet upon the call of its chairman and in accordance with its bylaws, and five members constitute a quorum for the transaction of its business.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-35 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-35. Area in which authority may exercise powers and duties.

 The authority may exercise any of the powers and duties conveyed under Section 13-19-30 in the entire area of a county or portion of a county which borders the counties represented by members as set forth in Section 13-19-10.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-40 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-40. Authority to issue bonds; financing agreements with respect to construction, operation, maintenance, and improvement of projects.

 In furtherance of its purposes, the authority may issue revenue bonds, the interest on which may or may not be excludable from gross income for federal income tax purposes, for the purpose of raising funds needed from time to time for the financing or refinancing, in whole or in part, the acquisition, construction, equipment, maintenance, and operation of a facility, building structure, or any other matter or thing which the authority is authorized to acquire, construct, equip, maintain, or operate.  In connection with the issuance of bonds, the authority may enter into an agreement with a company to construct, operate, maintain, and improve a project, and the authority may enter into a financing agreement with the company prescribing the terms and conditions of the payments to be made by the company to the authority, or its assignee, to meet the payments that become due on bonds.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-45 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-45. Issuance of revenue bonds, and financing agreements, with respect to particular projects.

 The authority may issue revenue bonds for the purpose of financing or refinancing, in whole or in part, the cost of the following projects:  (a) purchasing real estate;  (b) constructing, reconstructing, or improving roads, bridges, culverts, or other transportation facilities;  (c) constructing, reconstructing, improving, or equipping water distribution systems, sewer treatment and distribution facilities, buildings, or environmental utilities;  (d) constructing, reconstructing, and improving recreational facilities, including but not limited to marinas, docks, swimming pools, parks, dams, ponds, golf courses, racquetball and tennis facilities, and equestrian and archery complexes. In connection with the issuance of bonds, the authority may enter into an agreement with a company to construct, operate, maintain, and improve a project, and the authority may enter into a financing agreement with the company prescribing the terms and conditions of the payments to be made by the company to the authority, or its assignee, to meet the payments that become due on bonds.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-50 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-50. Resolution by board authorizing issuance of revenue bonds.

 Revenue bonds issued under this chapter for any project described in Section 13-19-40 must be authorized by resolution of the board of the authority. The resolution may contain provisions which are a part of the contract between the authority and the several holders of the bonds as to: (a) the custody, security, use, expenditure, or application of the proceeds of the bonds; (b) the acquisition, construction, and completion of any project for which the bonds are issued; (c) the use, regulation, operation, maintenance, insurance, or disposition of the project for which the bonds are issued, or any restrictions on the exercise of the powers of the board to dispose of or limit or regulate the use of the project; (d) the payment of the principal of or interest on the bonds and the sources and methods of payment, the rank or priority of any bonds as to any lien or security, or the acceleration of the maturity of any bonds; (e) the use and disposition of the revenues derived or to be derived from the operation of any project; (f) the pledging, setting aside, depositing, or entrusting of the revenues from which the bonds are made payable to secure the payment of the principal of and interest on the bonds or the payment of expenses of operation and maintenance of the project; (g) the setting aside of revenues, reserves, or sinking funds and the source, custody, security, regulation, and disposition of the revenues, reserves, or sinking funds; (h) the determination of the definition of revenues or of the expenses of operation and maintenance of the project for which the bonds are issued; (i) the rentals, fees, or other charges derived from the use of the project and the fixing, establishing, collection, and enforcement of the rentals, fees, or other charges, the amount or amounts of revenues to be produced by the rentals, fees, or other charges, and the disposition and application of the amounts charged or collected; (j) limitations on the issuance of additional bonds or any other obligations or the incurrence of indebtedness payable from the same revenues from which the bonds are payable; (k) rules to ensure the use of the project by the public or private sector to the maximum extent to which the project are capable of serving the public or private sector; (l) any other matter or course of conduct which, by recital in the resolution authorizing the bonds, is declared to further secure the payment of the principal of or interest on the bonds.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-60 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-60. Terms and particulars pertaining to bonds.

 The bonds may be issued in one or more series, may bear a date, may mature at a time not exceeding forty years from their respective dates, may bear interest at the rate or rates per annum as approved by the State Fiscal Accountability Authority, may be payable in a medium of payment and at a place, may be in a denomination, may be in a form, either coupon or registered, may carry registration privileges, may be subject to terms of redemption before maturity, with or without premium, and may contain terms, covenants, and conditions as the resolution authorizing the issuance of the bonds may provide. The interest rate on bonds issued by the authority, the proceeds of which are loaned to a company pursuant to a financing agreement to construct or acquire a project authorized under Section 13-19-40, are not subject to approval by the State Fiscal Accountability Authority. The bonds are fully negotiable within the meaning of and for the purposes of the Uniform Commercial Code.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-70 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-70. Bond principal and interest, security agreements, indentures, and financing agreements exempt from taxation.

 The principal of and interest on bonds issued under this chapter are exempt from taxation, as provided in Section 12-2-50. All security agreements, indentures, and financing agreements made pursuant to the provisions of this chapter are exempt from state stamp and transfer taxes.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-80 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-80. Bond issue approval; proposal; disposition of proposal.

 No bonds may be issued pursuant to the provisions of this chapter until the proposal of the board of the authority to issue the bonds receives the approval of the State Fiscal Accountability Authority. When the board proposes to issue bonds, it shall file a proposal with the State Fiscal Accountability Authority or the Department of Administration, as appropriate, setting forth: (a) a brief description of the project proposed to be undertaken and its anticipated effect upon the economy of the area in which the project is to be located; (b) a reasonable estimate of the cost of the project; (c) a general summary of the terms and conditions of any financing agreement and security agreement. Upon the filing of the proposal the State Fiscal Accountability Authority or the Department of Administration, as appropriate, shall, as soon as practicable, make an independent investigation, as it considers necessary or appropriate, and if it finds that the project is intended to promote the purposes of this chapter, it may approve the project. At any time following the approval, the board may proceed with the acquisition and financing of the project. If the proceeds of the bonds are to be made available to a company to construct a project, as provided in Section 13-19-40, notice of the approval of any project by the State Fiscal Accountability Authority or the Department of Administration, as appropriate, must be published at least once by the authority in a newspaper having general circulation in the county where the project is to be located. Any interested party may, within twenty days after the date of the publication of notice, but not after the twenty days, challenge the validity of the approval in the court of common pleas in the county where the project is to be located.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-90 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-90. Signature and attestation of bonds and interest coupons.

 The bonds must be signed in the name of the board of the authority by the manual or facsimile signature of the chairman of the board and attested with the manual or facsimile signature of the secretary of the board. Interest coupons attached to the bonds must be signed by the facsimile signatures of the officers. The bonds may be issued notwithstanding that any of the officials signing them or whose facsimile signatures appear on the bonds or the coupons have ceased to hold office at the time of issue or at the time of the delivery of the bonds to the purchaser.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-100 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-100. Sale of bonds upon terms and conditions set by State Fiscal Accountability Authority.

 The bonds must be sold at public or private sale upon terms and conditions as the State Fiscal Accountability Authority considers advisable.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-110 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-110. Description of financial obligations to be filed with State Treasurer.

 The board of the authority or its proper administrative officers shall file with the State Treasurer within thirty days from the date of their issuance a complete description of all obligations entered into by the board with the rates of interest, maturity dates, annual payments, and all pertinent data.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-120 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-120. Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.

 All provisions of a resolution authorizing the issuance of the bonds in accordance with this chapter and any covenants and agreements constitute legally binding contracts between the authority and the several holders of the bonds, regardless of the time of issuance of the bonds, and are enforceable by any holder by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.
SC Code § 13-19-130 (2021)
2021 South Carolina Code of Laws|Title 13 - Planning, Research and Development|Chapter 19 - Midlands Authority|Section 13-19-130. Limited obligation of bonds; state not to incur liability; security; trustee under security agreement or indenture.

 The bonds authorized by this chapter are limited obligations of the authority. The principal and interest are payable solely out of the revenues derived by the authority, including any revenues that may be derived by the authority pursuant to the financing agreement with respect to the project which the bonds are issued to finance. The bonds are an indebtedness payable solely from a revenue producing source or from a special source which does not include revenues from any tax or license. The bonds do not constitute nor give rise to a pecuniary liability of the authority, the State, or any political subdivision of the State, or to a charge against the general credit of the authority, the State, or any political subdivision of the State or taxing powers of the State, or any political subdivision of the State, and this fact must be plainly stated on the face of each bond. The principal of and interest on any bonds issued under this chapter must be secured by a pledge of the revenues from which the bonds are payable, may be secured by a security agreement, including a mortgage or any property given as security pursuant to a financing agreement, and may be additionally secured by a pledge of the financing agreement with respect to the project. In making any agreements or provisions, the board of the authority does not have the power to obligate itself with respect to any project for which the proceeds of bonds issued under this chapter have been loaned to a company, except with respect to the project and the application of the revenues from the financing agreement, and does not have the power to incur a pecuniary liability or a charge upon its general credit. The trustee under any security agreement or indenture, or any depository specified by the security agreement or indenture, may be any person or corporation as the authority designates, notwithstanding that the trustee may be a nonresident of this State or incorporated under the laws of the United States or the laws of other states.  HISTORY: 1992 Act No. 515, Section 4, eff July 1, 1992.