2013 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 18 - SOUTH CAROLINA VOLUME CAP ALLOCATION ACT
SECTION 11-18-80. Maximum use of Volume Cap allocations.
In order to make the maximum use of Volume Cap allocations, any bond enabling act which specifies particular projects or users must be construed to provide that any recovery zone property as defined in Section 1400U-3(b) of the Code will be deemed to qualify as a project. Accordingly, any person engaged in a qualified business as defined in Section 1400U-3(b)(2) of the Code will be permitted as beneficiary of any such bonds.
HISTORY: 2010 Act No. 290, Section 15.A, eff June 23, 2010.
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