South Carolina Code 11-43-200. Exemption from taxes or assessments
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 11-43-200
- Bank: means the South Carolina Transportation Infrastructure Bank. See South Carolina Code 11-43-130
- Loan: means an obligation subject to repayment which is provided by the bank to a qualified borrower for all or a part of the eligible cost of a qualified project. See South Carolina Code 11-43-130
The bank is performing an essential governmental function in the exercise of the powers conferred upon it and is not required to pay taxes or assessments upon property or upon its operations or the income from them, or taxes or assessments upon property or loan obligations acquired or used by the bank or upon the income from them.