South Carolina Code 4-35-80. Improvements financed through assessments, bonds, general revenues, or combination of sources
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 4-35-80
- Governing body: means the governing body of a county. See South Carolina Code 4-35-30
- Improvement district: means an area within the county designated by the governing body pursuant to the provisions of this chapter and within which an improvement plan is to be accomplished. See South Carolina Code 4-35-30
- Improvement plan: means the overall plan by which the governing body proposes to effect improvements within an improvement district to preserve property values, prevent deterioration, and preserve the tax base. See South Carolina Code 4-35-30
- Improvements: means recreational facilities, pedestrian facilities, sidewalks, storm drains, or water course facilities or improvements, the relocation, construction, widening, and paving of roads and streets, any building or other facilities for public use, any public works eligible for financing pursuant to § 6-21-50, and may include the acquisition of necessary easements and land and all things incidental to the provision of the above. See South Carolina Code 4-35-30
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The governing body may provide by the resolution for the payment of the cost of the improvements and facilities to be constructed within the improvement district by assessments on the property as defined in § 4-35-30, by the issuance of special district bonds, revenue bonds, or general obligation bonds of the county, from general revenues from a source not restricted from that use by law, or from a combination of the financing sources as may be provided in the improvement plan. The governing body may use the provisions of Chapter 21 of Title 6 to issue revenue bonds, and any assessments authorized by this chapter are revenues of the system for that purpose.