South Carolina Code 6-4-5. Definitions
(1) "County area" means a county and municipalities within the geographical boundaries of the county.
Terms Used In South Carolina Code 6-4-5
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Ordinance: means an ordinance adopted pursuant to § 6-29-530. See South Carolina Code 6-4-5
- Utility-related costs: means costs related to power, heat, gas, light, water, and sewage. See South Carolina Code 6-4-5
(2) "Cultural", as it applies to members of advisory committees in § 6-4-25, means persons actively involved and familiar with the cultural community of the area including, but not limited to, the arts, historical preservation, museums, and festivals.
(3) "Hospitality", as it applies to members of the committees in item (2), means persons directly involved in the service segment of the travel and tourism industry including, but not limited to, businesses that primarily serve visitors such as lodging facilities, restaurants, attractions, recreational amenities, transportation facilities and services, and travel information and promotion entities.
(4) "Travel" and "tourism" mean the action and activities of people taking trips outside their home communities for any purpose, except daily commuting to and from work.
(5) "Housing costs" for housing occupied by the owner means:
(a) the principal and interest on a mortgage loan that finances the purchase of the housing;
(b) the closing costs and other costs associated with a mortgage loan;
(c) mortgage insurance;
(d) property insurance;
(e) utility-related costs;
(f) property taxes; and
(g) if the housing is owned and occupied by members of a cooperative or an unincorporated cooperative association, fees paid to a person for managing the housing.
(6) "Housing costs" for rented housing means:
(a) rent; and
(b) utility-related costs, if not included in the rent.
(7) "Ordinance" means an ordinance adopted pursuant to § 6-29-530.
(8) "Utility-related costs" means costs related to power, heat, gas, light, water, and sewage.
(9) "Workforce housing" means residential housing for rent or sale that is appropriately priced for rent or sale to a person or family whose income falls within thirty percent and one hundred twenty percent of the median income for the local area, with adjustments for household size, according to the latest figures available from the United States Department of Housing and Urban Development (HUD).