As used in this article:

(1) "Board" means the Board of Directors of the South Carolina Transportation Infrastructure Bank.

Terms Used In South Carolina Code 11-43-510

  • Bank: means the South Carolina Transportation Infrastructure Bank. See South Carolina Code 11-43-130
  • Board: means the Board of Directors of the South Carolina Transportation Infrastructure Bank. See South Carolina Code 11-43-510
  • Bonds: means bonds, notes, or other evidence of indebtedness except as otherwise provided in Article 3 of this chapter. See South Carolina Code 11-43-130
  • 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.
  • Transportation infrastructure bonds: means all general obligation bonds of this State designated as transportation infrastructure bonds, which are now outstanding and which may hereafter be issued pursuant to the authorizations of this article. See South Carolina Code 11-43-510

(2) "State board" means the governing board of the State Fiscal Accountability Authority.

(3) "Transportation infrastructure bonds" means all general obligation bonds of this State designated as transportation infrastructure bonds, which are now outstanding and which may hereafter be issued pursuant to the authorizations of this article.