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21 chapters · 454 sections in this title.
S.C. Code Ann. § 1-11-500 Calculation and certification of state ceiling
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The state ceiling on the issuance of private activity bonds as defined in Section 146 of the Internal Revenue Code of 1986 established in the act must be certified annually by the Secretary of the State Fiscal Accountability Authority (the state authority) based upon the provisio…
S.C. Code Ann. § 1-11-510 Allocation of bond limit amounts
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(A) The private activity bond limit for all issuing authorities must be allocated by the state authority in response to authorized requests as described in Section 1-11-530 by the issuing authorities, or as otherwise provided in Section 1-11-520(G). (B) The aggregate private acti…
S.C. Code Ann. § 1-11-520 State Ceiling Allocation Plan; periodic allocations; competitive criteria
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(A) No later than September thirtieth of the year preceding the calendar year to which the state ceiling applies, and subject to review and comment by the Joint Bond Review Committee, the state authority must publish a State Ceiling Allocation Plan that assigns percentages of the…
S.C. Code Ann. § 1-11-530 Authorized requests for allocation of bond limit amounts
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(A) For private activity bonds proposed for issue by other than state government issuing authorities, an authorized request is a request included in a petition to the state authority that a specific amount of the state ceiling be allocated to the bonds for which the petition is f…
