In South Carolina, Authorization to Increase Bonded Indebtedness is a legal process that allows government entities or agencies to obtain funds by issuing bonds to finance various projects or initiatives. These bonds serve as a form of debt that the entity agrees to repay, usually with interest, over a specified time period. This authorization is typically sought when the existing debt limit of the government entity or agency is not enough to cover the costs of a particular project or to meet its financial obligations. It enables them to borrow additional money through bonds, thereby increasing their bonded indebtedness. Several types of South Carolina Authorization to Increase Bonded Indebtedness exist, including: 1. General Obligation Bonds: These are backed by the full faith and credit of the entity issuing them, meaning taxpayers are ultimately responsible for repayment. They may be used for various public purposes, such as infrastructure improvements, school construction, or funding for public services. 2. Revenue Bonds: These bonds are secured by specific revenue streams generated from the project they are intended to finance. For instance, revenue generated by toll roads, water utilities, or other revenue-generating assets can be used to repay the bonds. 3. Industrial Development Bonds: Meant to encourage economic development within the state, these bonds are issued on behalf of private companies for the construction of facilities, equipment purchases, or other projects related to job creation or expansion. 4. Education Bonds: Specifically designated for funding education-related projects and initiatives, such as building new schools, upgrading educational facilities, or investing in advanced technology infrastructure in schools and colleges. 5. Highway Bonds: Aimed at financing transportation infrastructure projects, these bonds fund the construction, repair, maintenance, and improvement of highways, bridges, and other vital transportation systems. The South Carolina Authorization to Increase Bonded Indebtedness ensures that government entities have the financial flexibility to meet the growing needs of their communities, promote economic development, and enhance the quality of public services or facilities. It is a crucial mechanism for financing essential projects and investments that benefit the residents of South Carolina.
South Carolina Authorization to increase bonded indebtedness
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§ 9-2-1 ASSAULT AND BATTERY; BREACH OF PEACE; DISORDERLY CONDUCT. It shall be unlawful for any person to commit any assault and battery, or assault, or engage in any breach of peace, within the corporate limits of the city, or to engage in any riotous or disorderly conduct unbecoming a good citizen.
South Carolina's Protection of Persons and Property Act 1. You no longer have a duty to retreat if you are attacked in any place where you have a legal right to be and if there is a reasonable fear of death or great bodily injury to either yourself or another person. You can hold your ground and defend yourself.
In South Carolina, there is no statute of limitations on crime. However, in the context of South Carolina personal injury or wrongful death cases, the clock usually starts on the day of the incident (exp. car accident). In most cases, you have 3 years to file suit against a non-governmental defendant.
SECTION 11-27-110. Lease purchase or financing agreement subject to constitutional debt limit.
(A) A local governing body, by ordinance approved by a positive majority, is authorized to charge and collect a service or user fee.
Under SC Code Section 6-1-80, councils must conduct a public hearing on the budget, giving at least a 15-day public notice in a newspaper of general circulation in the area. The law also lists the specific details of what the notice must include.
SECTION 16-17-10. Barratry prohibited. (d) directly or indirectly receives any money or other thing of value to induce the bringing of such action; Shall be guilty of the crime of barratry.
SECTION 6-1-315. Limitation on imposition or increase of business license and real estate professional and auctioneer fees.