STATE EX REL. MEDLOCK v. S.C. STATE FAMILY FARM DEV. AUTH.

21975

279 S.C. 316 (1983)

306 S.E.2d 605

STATE of South Carolina, Ex Relatione T. Travis MEDLOCK, Attorney General, Appellant, v. SOUTH CAROLINA STATE FAMILY FARM DEVELOPMENT AUTHORITY, Respondent.

Supreme Court of South Carolina.

August 11, 1983.


Attorney(s) appearing for the Case

Atty. Gen. T. Travis Medlock, Retired Atty. Gen. Daniel R. McLeod and Deputy Atty. Gen. Frank K. Sloan, Columbia, for appellant.

Randall T. Bell and William E. Craven III, of McNair, Glenn, Konduros, Corley, Singletary, Porter & Dibble, Columbia, for respondent.


Aug. 11, 1983.

NESS, Justice:

This action tests the validity of Act No. 179, § 15, the Family Farm Development Act, now codified at S.C. Code Ann. § 46-47-10 et seq. (Cum. Supp. 1982). The trial judge held that the Act constitutional, and we affirm.

The Act empowers the Authority to issue revenue bonds to provide loans to low and moderate income farmers through three methods of financing: (1) direct loans, (2) loans to lending institutions...

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