reglab/statecodes huggingface dataset:
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1320. Creation of consolidated housing authority.

If the council of each of two or more municipalities, whether or not contiguous, by resolution declares that there is a need for one housing authority to be created for all of such municipalities to exercise in such municipalities the powers and other functions prescribed for a housing authority, a public body corporate and politic to be known as a consolidated housing authority, with such corporate name as it selects, shall thereupon exist for all of such municipalities and exercise its powers and other functions within its area of operation, including the power to undertake projects therein. Thereupon each housing authority, if any, created for each of such municipalities shall cease to exist except for the purpose of winding up its affairs and executing a deed of its real property to the consolidated housing authority.
HISTORY: 1962 Code Section 36-231; 1952 Code Section 36-231; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1330. Prerequisite to creation.

The council of a municipality for which a housing authority has not been created shall not adopt the resolution required as a prerequisite to the establishment of a consolidated housing authority unless it first declares that there is a need for a housing authority to function in the municipality and such declaration shall be made in the same manner and subject to the same conditions as the declaration of the council of a city required by Section 31-3-320 for the purpose of creating a housing authority for the city.
HISTORY: 1962 Code Section 36-232; 1952 Code Section 36-232; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1340. Applicability of provisions governing regional housing authorities.

The creation of a consolidated housing authority and the finding of need therefor shall be subject to the same provisions and limitations of this chapter as are applicable to the creation of a regional housing authority and all of the provisions of this chapter applicable to regional housing authorities and the commissioners thereof shall be applicable to consolidated housing authorities and the commissioners thereof.
HISTORY: 1962 Code Section 36-233; 1952 Code Section 36-233; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1350. Area of operation.

The area of operation of a consolidated housing authority shall include all of the territory within the boundaries of each municipality joining in the creation of such authority, except that such area of operation may be changed to include or exclude any municipality or municipalities in the same manner and under the same provisions as provided in this chapter for changing the area of operation of a regional housing authority by including or excluding a county or counties.
HISTORY: 1962 Code Section 36-235; 1952 Code Section 36-235; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1360. Functions, rights, powers, and the like of authority.

Except as otherwise provided herein, a consolidated housing authority and the commissioners thereof shall, within the area of operation of such consolidated housing authority, have the same functions, rights, powers, duties, privileges, immunities and limitations as those provided for housing authorities created for cities, counties or groups of counties and the commissioners of such housing authorities, in the same manner as though all the provisions of law applicable to housing authorities created for cities, counties or groups of counties were applicable to consolidated housing authorities.
HISTORY: 1962 Code Section 36-236; 1952 Code Section 36-236; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1510. Loans or grants from Federal agencies.

Each authority created under this chapter and Chapter 11 may apply for, receive and expend without limitation as to amount and under such regulations and conditions as it may deem desirable or may be prescribed by the United States or any agent or agency thereof any moneys lent, granted or otherwise made available by any corporation or agency of the United States created or authorized under the laws of the United States.
HISTORY: 1962 Code Section 36-151; 1952 Code Section 36-151; 1942 Code Section 5271-39; 1934 (38) 1368.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1520. Provisions in contracts with United States.

In any contract or amendatory or superseding contract for a loan and annual contributions entered into between a housing authority and the Federal Government, or any agency thereof, with respect to any housing project undertaken by such housing authority, any such housing authority may make such covenants, including covenants with holders of obligations of the authority issued for purposes of the projects involved, with and confer upon the Federal Government, or any agency thereof, such rights and remedies as the housing authority deems necessary to assure the fulfillment of the purposes for which the project was undertaken. In any contract with the Federal Government for annual contributions to an authority, the authority may obligate itself to convey to the Federal Government possession of, or title to, the project to which such contract relates upon the occurrence of a substantial default, as defined in such contract, with respect to the covenants or conditions to which the authority is subject and such obligation shall be specifically enforceable and shall not constitute a mortgage, any other provision of law to the contrary notwithstanding. Such contract may further provide that in case of such conveyance the Federal Government may complete, operate, manage, lease, convey or otherwise deal with the project in accordance with the terms of such contract. But any such contract shall require that, as soon as practicable after the Federal Government is satisfied that all defaults with respect to the project have been cured and that the project will thereafter be operated in accordance with the terms of the contract, the Federal Government shall reconvey to the authority the project as then constituted.
HISTORY: 1962 Code Section 36-152; 1952 Code Section 36-152; 1942 (42) 1742; 1951 (47) 529.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1530. Agreement limiting powers in connection with governmental loans or grants.

In connection with any loan or grant by a government, an authority may agree to limitations upon the exercise of any powers conferred upon the authority by this chapter and Chapter 11.
HISTORY: 1962 Code Section 36-153; 1952 Code Section 36-153; 1942 Code Section 5271-39; 1934 (38) 1368.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1540. Minimum wages and maximum hours.

A housing authority may, notwithstanding anything to the contrary contained in this chapter and Chapter 11 or in any other provision of law, agree to any conditions attached to Federal financial assistance relating to the determination of prevailing salaries or wages, payment of not less than prevailing salaries or wages or compliance with labor standards in the development or administration of projects, and include in any contract let in connection with a project a stipulation requiring that the contractor and any subcontractors comply with the requirements as to minimum salaries or wages and maximum hours of labor and any other conditions which the Federal Government may have attached to its financial aid of the project.
HISTORY: 1962 Code Section 36-154; 1952 Code Section 36-154; 1942 Code Section 5271-40; 1937 (40) 431; 1951 (47) 529.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1550. Agreements for supervision and control of project by State or Federal Government.

An authority may, in connection with the borrowing of funds or otherwise, enter into any agreement with the State or Federal Government or any agency or subdivision thereof providing for supervision and control of the authority of any project and containing such other covenants, terms and conditions as the authority may deem advisable.
HISTORY: 1962 Code Section 36-155; 1952 Code Section 36-155; 1942 Code Section 5271-44; 1934 (38) 1368.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1560. Issuance of bonds; security therefor.

An authority may issue bonds from time to time in its discretion for any of its corporate purposes. An authority may also issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. An authority may issue such types of bonds as it may determine, including bonds on which the principal and interest are payable (a) exclusively from the income and revenues of the housing project financed with the proceeds of such bonds or with such proceeds together with a grant from the Federal Government in aid of such project, (b) exclusively from the income and revenues of certain designated housing projects whether or not they were financed in whole or in part with the proceeds of such bonds or (c) from its revenues generally. Any of such bonds may be additionally secured by a pledge of any revenue or a mortgage of any housing project, projects or other property of the authority.
HISTORY: 1962 Code Section 36-156; 1952 Code Section 36-156; 1942 Code Section 5271-45; 1937 (40) 431.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1570. Terms of bonds; negotiability.

Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, not exceeding six per cent per annum, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution and the trust indenture or mortgage may provide. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter and Chapter 11 shall be fully negotiable.
HISTORY: 1962 Code Section 36-157; 1952 Code Section 36-157; 1942 Code Section 5271-46; 1937 (40) 431; 1938 (40) 1819.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1590. Covenant as to extent of area of operation.

In connection with the issuance of bonds or the incurring of other obligations, a regional housing authority may covenant as to limitations on its right to adopt resolutions relating to the increase or decrease of its area of operation.
HISTORY: 1962 Code Section 36-159; 1952 Code Section 36-159; 1942 (42) 1742.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1600. Effect of recital in bond of purpose of issuance.

In any suit, action or proceeding involving the validity or enforceability of any bonds of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a housing project to provide dwelling accommodations for persons of low income shall be conclusively deemed to have been issued for a housing project of such character and such project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of this chapter and Chapter 11.
HISTORY: 1962 Code Section 36-160; 1952 Code Section 36-160; 1942 Code Section 5271-46; 1937 (40) 431; 1938 (40) 1819.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1610. Tax exemption of bonds, notes, etc.

Bonds, notes, debentures and other evidences of indebtedness of an authority are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, shall be exempt from taxes.
HISTORY: 1962 Code Section 36-161; 1952 Code Section 36-161; 1942 Code Section 5271-52; 1934 (38) 1368.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1620. Sale of bonds.

The bonds of an authority may be sold at public or private sale at not less than par.
HISTORY: 1962 Code Section 36-162; 1952 Code Section 36-162; 1942 Code Section 5271-46; 1937 (40) 431; 1938 (40) 1819.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1630. Bonds or other obligations as investments.

Notwithstanding any restrictions on investments contained in any laws of this State, the State and all public officers, municipal corporations, political subdivisions and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or other obligations issued by a housing authority pursuant to this chapter and Chapter 11 or issued by any public housing authority or agency in the United States when such bonds or other obligations are secured by a pledge of annual contributions to be paid by the United States Government or any agency thereof. Such bonds and other obligations shall be authorized security for all public deposits.
But nothing contained in this section shall be construed as relieving any person from any duty of exercising reasonable care in selecting securities.
HISTORY: 1962 Code Section 36-163; 1952 Code Section 36-163; 1942 Code Section 5271-91; 1939 (41) 329.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1640. Validity of bond signed by commissioner or officer leaving office before delivery.

In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery.
HISTORY: 1962 Code Section 36-164; 1952 Code Section 36-164; 1942 Code Section 5271-46; 1937 (40) 431; 1938 (40) 1819.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1650. Personal liability on bonds; bonds shall not constitute "indebtedness".

Neither the commissioners of an authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of an authority (and the bonds and obligations shall so state on their face) shall not be a debt of the city, the county, the State or any political division or subdivision thereof and neither the city, the county, nor the State or any political division or subdivision thereof shall be liable thereon, nor in any event shall such bonds or obligations be payable out of any funds or properties other than those of the authority. The bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
HISTORY: 1962 Code Section 36-165; 1952 Code Section 36-165; 1942 Code Section 5271-45; 1937 (40) 431.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1660. Remedies of obligee of housing authority.

An obligee of an authority shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:
(1) By mandamus, suit, action or proceeding at law or in equity to compel the authority and the commissioners, officers, agents or employees thereof to perform each and every term, provision and covenant contained in any contract of the authority with or for the benefit of such obligee and to require the carrying out of any or all such covenants and agreements of the authority and the fulfillment of all duties imposed upon the authority by this chapter and Chapter 11; and
(2) By suit, action or proceeding in equity to enjoin any acts or things which may be unlawful or the violation of any of the rights of such obligee.
HISTORY: 1962 Code Section 36-166; 1952 Code Section 36-166; 1942 Code Section 5271-48; 1937 (40) 431.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1670. Additional remedies conferrable on obligee.

An authority may by its resolution, trust indenture, mortgage, lease or other contract confer upon any obligee holding or representing a specified amount in bonds or holding a lease the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of default as defined in such resolution or instrument, by suit, action or proceeding in any court of competent jurisdiction:
(1) To cause possession of any housing project or any part thereof to be surrendered to any such obligee;
(2) To obtain the appointment of a receiver of any housing project of the authority or any part thereof and of the rents and profits therefrom who may enter and take possession of such housing project or any part thereof and operate and maintain it and collect and receive all fees, rents, revenues or other charges thereafter arising therefrom and shall keep such moneys in a separate account or accounts and apply them in accordance with the obligations of the authority as the court shall direct; and
(3) To require the authority and the commissioners thereof to account as if it and they were the trustees of an express trust.
HISTORY: 1962 Code Section 36-167; 1952 Code Section 36-167; 1942 Code Section 5271-49; 1937 (40) 431.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1680. Debt insurance.

A housing authority may, notwithstanding anything to the contrary contained in this chapter and Chapter 11 or in any other provision of law, procure or agree to the procurement of insurance or guarantees from the Federal Government of the payment of any debts or parts thereof incurred by the authority and may pay the premium on any such insurance.
HISTORY: 1962 Code Section 36-168; 1952 Code Section 36-168; 1942 Code Section 5271-40; 1937 (40) 431.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1690. Relationship with State Fiscal Accountability Authority.

No authority shall be required to offer its securities to the State Fiscal Accountability Authority at any time nor shall any authority be required to turn over any surplus of sinking funds to said authority.
HISTORY: 1962 Code Section 36-169; 1952 Code Section 36-169; 1942 Code Section 5271-44; 1934 (38) 1368; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 3 - Housing Authorities Law › Section 31-3-1810. Housing authorities empowered to provide housing for low income families in rural areas.

Any housing authority which has rural areas under its jurisdiction may undertake the provision of housing for families of low income in such rural areas and may comply with any conditions, not inconsistent with the purposes of this chapter and Chapter 11, required by the Federal Government pursuant to Federal law in any contract for financial assistance with the authority concerning such undertakings.
HISTORY: 1962 Code Section 36-251; 1952 Code Section 36-251; 1942 Code Section 5271-58; 1940 (41) 1687; 1951 (47) 529.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-10. Short title.

This chapter may be referred to as the "Housing Cooperation Law."
HISTORY: 1962 Code Section 36-301; 1952 Code Section 36-301; 1942 Code Section 5271-71; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-20. Definitions.

The following terms, whenever used or referred to in this chapter shall have the following respective meanings, unless a different meaning clearly appears from the context:
(1) "Housing authority" shall mean any housing authority created pursuant to the Housing Authorities Law;
(2) "Housing project" shall mean any work or undertaking of a housing authority pursuant to the Housing Authorities Law or any similar work or undertaking of the Federal Government;
(3) "State public body" shall mean any city, town, county, municipal corporation, commission, district, authority or other subdivision or public body of the State;
(4) "Governing body" shall mean the council, board or other body having charge of the fiscal affairs of the State public body;
(5) "Federal Government" shall include the United States, the United States housing authority and any other agency or instrumentality, corporate or otherwise, of the United States of America.
HISTORY: 1962 Code Section 36-302; 1952 Code Section 36-302; 1942 Code Section 5271-73; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-30. Kinds of assistance available from State public bodies in planning, undertaking, construction, or operation of housing projects.

For the purpose of aiding and cooperating in the planning, undertaking, construction or operation of housing projects located within the area in which it is authorized to act, any State public body may upon such terms, with or without consideration, as it may determine:
(1) Dedicate, sell, convey or lease any of its interest in any property or grant easements, licenses or any other rights or privileges therein to a housing authority or the Federal Government;
(2) Cause parks, playgrounds, recreational, community, educational, water, sewer or drainage facilities or any other works which it is otherwise empowered to undertake to be furnished adjacent to or in connection with housing projects;
(3) Furnish, dedicate, close, pave, install, grade, regrade, plan or replan streets, roads, roadways, alleys, sidewalks or other places which it is otherwise empowered to undertake;
(4) Plan or replan or zone or rezone any part of such State public body, make exceptions from building regulations and ordinances and, if the body be a city or town, change its map;
(5) Cause services to be furnished to the housing authority of the character which such State public body is otherwise empowered to furnish;
(6) Enter into agreements with respect to the exercise by such State public body of its powers relating to the repair, closing or demolition of unsafe, insanitary or unfit dwellings;
(7) Employ, notwithstanding the provisions of any other law, any funds belonging to or within the control of such State public body, including funds derived from the sale or furnishing of property or facilities to a housing authority, in the purchase of the bonds or other obligations of a housing authority and exercise all the rights of any holder of such bonds or other obligations;
(8) Do any and all things necessary or convenient to aid and cooperate in the planning, undertaking, construction or operation of such housing projects;
(9) Incur the entire expense of any public improvements made by such State public body in exercising the powers granted in this chapter; and
(10) Enter into agreements (which may extend over any period, notwithstanding any provision or rule of law to the contrary) with a housing authority respecting action to be taken by such State public body pursuant to any of the powers granted by this chapter and if at any time title to, or possession of, any project is held by any public body or governmental agency authorized by law to engage in the development or administration of low-rent housing or slum clearance projects, including any agency or instrumentality of the United States of America, the provisions of such agreements shall inure to the benefit of and may be enforced by such public body or governmental agency.
HISTORY: 1962 Code Section 36-303; 1952 Code Section 36-303; 1942 Code Section 5271-74; 1939 (41) 320; 1945 (44) 156; 1951 (47) 529.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-40. Conveyances authorized by Section 31-5-30; appraisals, public notices, etc.

Any law or statute to the contrary notwithstanding, any sale, conveyance, lease or agreement authorized by Section 31-5-30 may be made by a State public body without appraisal, public notice, advertisement or public bidding.
HISTORY: 1962 Code Section 36-304; 1952 Code Section 36-304; 1942 Code Section 5271-74; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-50. State public body precluded from requiring changes in housing projects acquired by housing authority from Federal Government.

With respect to any housing project which a housing authority has acquired or taken over from the Federal Government and which the housing authority by resolution has found and declared to have been constructed in a manner that will promote the public interest and afford necessary safety, sanitation and other protection, no State public body shall require any changes to be made in the housing project or the manner of its construction or take any other action relating to such construction.
HISTORY: 1962 Code Section 36-305; 1952 Code Section 36-305; 1942 Code Section 5271-74; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-60. Municipal and county loans or donations to housing authorities.

Any city, town or county located in whole or in part within the area of operation of a housing authority may from time to time lend or donate money to such authority or agree to take such action. Such housing authority, when it has money available therefor, shall make reimbursements for all such loans made to it.
HISTORY: 1962 Code Section 36-306; 1952 Code Section 36-306; 1942 Code Section 5271-75; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 5 - Housing Co-operation Law › Section 31-5-70. Procedure for authorizing State public body to exercise powers herein granted.

The exercise by a State public body of the powers herein granted may be authorized by resolution of the governing body of such State public body adopted by a majority of the members of its governing body present at a meeting of such governing body. Such a resolution may be adopted at the meeting at which it is introduced. It shall take effect immediately and need not be laid over or published or posted.
HISTORY: 1962 Code Section 36-307; 1952 Code Section 36-307; 1942 Code Section 5271-76; 1939 (41) 320; 1945 (44) 156.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-50. Application of proceeds of obligations.

The proceeds from obligations issued under authority of this chapter must be applied only for the purpose for which they were issued. Any premium and accrued interest received in any such sale must be applied to the payment of the principal of or the interest on the obligations sold. Any portion of the proceeds not needed for redevelopment project costs must be applied to the payment of the principal of or the interest on the obligations.
HISTORY: 1984 Act No. 452, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-60. Exemption of obligations and interest thereon from South Carolina taxes.

The obligations authorized by this chapter and the income from the obligations and all security agreements and indentures executed as security for the obligations made pursuant to the provisions of this chapter and the revenue derived from the obligations are exempt from all taxation in the State of South Carolina except for inheritance, estate, or transfer taxes and all security agreements and indentures made pursuant to the provisions of this chapter are exempt from all state stamp and transfer taxes.
HISTORY: 1984 Act No. 452, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-85. Intergovernmental agreement for redevelopment project.

The municipality and one or more taxing districts may at any time provide by intergovernmental agreement that such taxing district or taxing districts will participate in a redevelopment project on a partial or modified basis. Such intergovernmental agreement shall become effective, and shall be valid and enforceable for the entire duration thereof, upon its approval by ordinance enacted by the municipality and by ordinance or resolution, whichever is applicable, enacted or approved by the affected taxing district or taxing districts.
HISTORY: 2012 Act No. 267, Section 2, eff June 20, 2012.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-90. Persons displaced by redevelopment project.

When there are any persons residing in the area covered by the redevelopment plan:
(1) The redevelopment plan shall include:
(a) An assessment of the displacement impact of the redevelopment project and provisions for the relocation of all persons who would be displaced by the project, provided that no residents may be displaced by a redevelopment project unless housing is made available to them pursuant to the terms of this section.
(b) Provisions for the creation of housing opportunities to the extent feasible to enable a substantial number of the displaced persons to relocate within or in close proximity to the area covered by the redevelopment plan.
(2) Prior to authorizing the demolition of any residential units in connection with a tax increment financing plan, the governing body of the municipality must insure that the redevelopment plan complies with the requirements of this section and further that standard housing is made available to all persons to be displaced.
(3) Persons displaced by a redevelopment plan are entitled to the benefits and protections available under Section 28-11-10. The costs of the relocation are proper expenditures for the proceeds of any obligations issued under this chapter.
HISTORY: 1984 Act No. 452, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-100. Assessment of value of real estate in redevelopment project area.

(A) If a municipality by ordinance approves a redevelopment plan pursuant to Section 31-6-80, the auditor of the county in which the municipality is situated, immediately after adoption of the ordinance pursuant to Section 31-6-80, must, upon request of the municipality, determine and certify:
(1) the most recently ascertained equalized assessed value of all taxable real property within the redevelopment project area, as of the date of adoption of the ordinance adopted pursuant to Section 31-6-80, which value is the "initial equalized assessed value" of the property; and
(2) the total equalized assessed value of all taxable real property within the redevelopment project area and certifying the amount as the "total initial equalized assessed value" of the taxable real property within the redevelopment project area.
(B) After the county auditor has certified the total initial equalized assessed value of the taxable real property in the area, then in respect to every taxing district containing a redevelopment project area, the county auditor or any other official required by law to ascertain the amount of the equalized assessed value of all taxable property within the district for the purpose of computing the rate percent of tax to be extended upon taxable property within such district, shall in every year that obligations are outstanding for redevelopment projects in the redevelopment area ascertain the amount of value of taxable property in a project redevelopment area by including in the amount the certified total initial equalized assessed value of all taxable real property in the area in lieu of the equalized assessed value of all taxable real property in the area. The rate percent of tax determined must be extended to the current equalized assessed value of all property in the redevelopment project area in the same manner as the rate percent of tax is extended to all other taxable property in the taxing district. The method of extending taxes established under this section terminates when the municipality adopts an ordinance dissolving the special tax allocation fund for the redevelopment project.
HISTORY: 1984 Act No. 452, Section 1; 1987 Act No. 200, Section 4.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-110. Disposition of revenues from municipal property within project area; deposit of revenues from sale of property acquired with proceeds of obligations.

Revenues received by the municipality from any property, building, or facility owned by the municipality or any agency or authority established by the municipality in the redevelopment project area may be used to pay redevelopment project costs or reduce outstanding obligations of the municipality incurred under this chapter for redevelopment project costs. If the obligations are used to finance the extension or expansion of a system as defined in Section 6-21-40 in the redevelopment project area, all or a portion of the revenues of the system, whether or not located entirely within the redevelopment project area, including the revenues of the redevelopment project, may be pledged to secure the obligations issued under this chapter. The municipality is fully empowered to use any of the powers granted by either or both of the provisions of Chapter 17 of Title 6 (The Revenue Bond Refinancing Act of 1937) or the provisions of Chapter 21 of Title 6 (Revenue Bond Act for Utilities). In exercising the powers conferred by the provisions, the municipality may make any pledges and covenants authorized by any provision of those chapters. The municipality may place the revenues in the special tax allocation fund or a separate fund which must be held by the municipality or financial institution designated by the municipality. Revenue received by the municipality from the sale or other disposition of real property acquired by the municipality with the proceeds of obligations issued under the provisions of this chapter must be deposited by the municipality in the special tax allocation fund or a separate fund which must be held by the municipality or financial institution designated by the municipality. Proceeds of grants may be pledged by the municipality and deposited in the special tax allocation fund or a separate fund.
HISTORY: 1984 Act No. 452, Section 1; 1987 Act No. 200, Section 5.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 6 - Tax Increment Financing For Redevelopment Projects › Section 31-6-120. Project located within more than one municipality.

If the redevelopment project area is located within more than one municipality, the municipalities may jointly adopt a redevelopment plan and authorize obligations as provided under the provisions of this chapter.
HISTORY: 1984 Act No. 452, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-25. Additional findings.

The General Assembly further finds that:
Vast expanses of land located at considerable distances from municipalities and urban and suburban development in counties, while having served the people of this State and its economy when originally developed and maintained over the generations as agricultural property, contributing food, fiber, timber, and pulpwood, now, in an evolving economy and amidst a much smaller, yet vastly more efficient agricultural economy, is in need of redevelopment to provide multiple uses utilizing the redevelopment tools provided in this chapter, with suitable modifications to provide for the particular requirements to redevelop areas formerly developed only for agricultural use.
HISTORY: 2005 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-50. Application of proceeds.

The proceeds from obligations issued under authority of this chapter must be applied only for the purpose for which they were issued. Any premium and accrued interest received in any such sale must be applied to the payment of the principal of or the interest on the obligations sold. Any portion of the proceeds not needed for redevelopment project costs must be applied to the payment of the principal of or the interest on the obligations.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-60. State tax exemptions.

The obligations authorized by this chapter and the income from the obligations and all security agreements and indentures executed as security for the obligations made pursuant to the provisions of this chapter and the revenue derived from the obligations are exempt from all taxation in the State of South Carolina except for inheritance, estate, or transfer taxes and all security agreements and indentures made pursuant to the provisions of this chapter are exempt from all state stamp and transfer taxes.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-75. Municipal annexation; ad valorem tax valuation.

If a municipality annexes a tract of property located in a redevelopment project area, the value of each parcel of real property therein for purposes of the ad valorem taxes of the municipality shall be that which is attributable to its initial equalized assessed value before the redevelopment project and not to the increase in its equalized assessed value due to the redevelopment project.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-90. Residential displacement requirements, benefits, and protections.

When there are any persons residing in the area covered by the redevelopment plan:
(1) the redevelopment plan shall include:
(a) an assessment of the displacement impact of the redevelopment project and provisions for the relocation of all persons who would be displaced by the project, provided that no residents may be displaced by a redevelopment project unless housing is made available to them pursuant to the terms of this section;
(b) provisions for the creation of housing opportunities to the extent feasible to enable a substantial number of the displaced persons to relocate within or in close proximity to the area covered by the redevelopment plan.
(2) Prior to authorizing the demolition of any residential units in connection with a tax increment financing plan, the governing body of the county must ensure that the redevelopment plan complies with the requirements of this section and further that standard housing is made available to all persons to be displaced.
(3) Persons displaced by a redevelopment plan are entitled to the benefits and protections available under Section 28-11-10. The costs of the relocation are proper expenditures for the proceeds of any obligations issued under this chapter.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-100. County auditor certification; value assessments; extending taxes.

(A) If a county by ordinance approves a redevelopment plan pursuant to Section 31-7-80, the auditor of the county, immediately after adoption of the ordinance pursuant to Section 31-7-80, upon request of the county, must determine and certify:
(1) the most recently ascertained equalized assessed value of all taxable real property within the redevelopment project area, as of the date of adoption of the ordinance adopted pursuant to Section 31-7-80, which value is the "initial equalized assessed value" of the property; and
(2) the total equalized assessed value of all taxable real property within the redevelopment project area and certifying the amount as the "total initial equalized assessed value" of the taxable real property within the redevelopment project area.
(B) After the county auditor has certified the total initial equalized assessed value of the taxable real property in the area, then in respect to every taxing district containing a redevelopment project area, the county auditor or any other official required by law to ascertain the amount of the equalized assessed value of all taxable property within the district for the purpose of computing the rate percent of tax to be extended upon taxable property within such district, shall in every year that obligations are outstanding for redevelopment projects in the redevelopment area ascertain the amount of value of taxable property in a project redevelopment area by including in the amount the certified total initial equalized assessed value of all taxable real property in the area in lieu of the equalized assessed value of all taxable real property in the area. The rate percent of tax determined must be extended to the current equalized assessed value of all property in the redevelopment project area in the same manner as the rate percent of tax is extended to all other taxable property in the taxing district. The method of extending taxes established under this section terminates when the county adopts an ordinance dissolving the special tax allocation fund for the redevelopment project.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-110. Revenues and grants; county powers.

Revenues received by the county from any property, building, or facility owned by the county or any agency or authority established by the county in the redevelopment project area may be used to pay redevelopment project costs or reduce outstanding obligations of the county incurred under this chapter for redevelopment project costs. If the obligations are used to finance the extension or expansion of a system as defined in Section 6-21-40 in the redevelopment project area, all or a portion of the revenues of the system, whether or not located entirely within the redevelopment project area, including the revenues of the redevelopment project, may be pledged to secure the obligations issued under this chapter. The county is fully empowered to use any of the powers granted by either or both of the provisions of Chapter 17 of Title 6 (The Revenue Bond Refinancing Act of 1937) or the provisions of Chapter 21 of Title 6 (Revenue Bond Act for Utilities). In exercising the powers conferred by the provisions, the county may make any pledges and covenants authorized by any provision of those chapters. The county may place the revenues in the special tax allocation fund or a separate fund which must be held by the county or financial institution designated by the county. Revenue received by the county from the sale or other disposition of real property acquired by the county with the proceeds of obligations issued under the provisions of this chapter must be deposited by the county in the special tax allocation fund or a separate fund which must be held by the county or financial institution designated by the county. Proceeds of grants may be pledged by the county and deposited in the special tax allocation fund or a separate fund.
HISTORY: 1999 Act No. 109, Section 1.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-120. Intergovernmental agreements.

Counties and municipalities through intergovernmental agreements may jointly adopt redevelopment plans and authorize obligations as provided under the provisions of this chapter and Chapter 6 of this title. Counties by intergovernmental agreement incorporated into individual county ordinances, may establish a multi-county or regional authority for both the establishing of a redevelopment plan and redevelopment projects if the documented economic impacts of projects extend beyond the boundaries of a single county. All actions to develop such plans and projects must be taken by the governing bodies of the respective counties participating in the grouping or authority pursuant to the contractual terms of the intergovernmental agreements establishing such groupings or authority.
HISTORY: 1999 Act No. 109, Section 1; 2005 Act No. 109, Section 5.
2023 South Carolina Code of Laws › Title 31 - Housing and Redevelopment › Chapter 7 - Tax Increment Financing For Counties › Section 31-7-130. Government-owned telecommunications service providers.

Nothing in this chapter relieves any government-owned telecommunications service provider from any of the provisions of Sections 58-9-2600 through 58-9-2650.
HISTORY: 2005 Act No. 109, Section 1.