South Carolina Code 31-12-290. Special tax allocation fund; carrying forward of unexpended funds
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 31-12-290
- Authority: means a redevelopment authority created pursuant to § 31-12-40. See South Carolina Code 31-12-30
- Obligations: means bonds, notes, or other evidence of indebtedness issued by the municipality to carry out a redevelopment project or to refund outstanding obligations. See South Carolina Code 31-12-30
During the existence of the special tax allocation fund created pursuant to this chapter, funds not otherwise expended may be carried forward from year to year to be applied to future years’ obligations and redevelopment costs and are not surplus funds subject to distribution pursuant to the provisions of §§ 31-12-200 through 31-12-320 unless determined otherwise by resolution of the authority.