The income, profit, or assets of a joint system may not inure to the benefit of an individual or private entity, except for a joint authority water and sewer system created under this chapter.
S.C. Code Ann. § 6-25-131
Restriction as to who may benefit from joint system income, profit or assets; exception
Known as the Joint Authority Water and Sewer Systems Act
The act spans §§ 6–6 (33 sections).
1999 Act No. 113, SECTION 3; 2007 Act No. 59, SECTION 1, eff June 6, 2007.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.