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 Sections 31-12-200 through 31-12-320 unless determined otherwise by resolution of the authority.
S.C. Code Ann. § 31-12-290
Special tax allocation fund; carrying forward of unexpended funds
Known as the Federal Defense Facilities Redevelopment Law
The act spans §§ 31–31 (22 sections).
1994 Act No. 462, SECTION 1; 1998 Act No. 421, SECTION 1; 2004 Act No. 316, SECTION 4.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.