S.C. Code Ann. § 12-28-2920: Construction of roads financed with usage charges.

The department shall review projects for the possibility of constructing roads financed with usage charges pursuant to the authority granted the department in Article 9, Chapter 5, Title 57, as well as Sections 57-3-200 and 57-3-205. No project may be funded in whole or in part by means of imposing a usage charge on the users of the project unless it is determined to be substantially feasible by the department, taking into account all funding sources. The funds derived from usage charges must be:

(1) credited to the State Highway Fund;

(2) retained and applied by the entity or entities developing the applicable road pursuant to an agreement authorized under Section 57-3-200 or 57-3-205 for the purpose of funding the cost of construction, financing, operation, and maintenance of the applicable project;

(3) used to service bonded indebtedness for highway transportation purposes incurred pursuant to Paragraph 9, Section 13, Article X of the South Carolina Constitution; or

(4) used to pay for the operation and maintenance costs of the applicable project.