There is a newer version
of
this Section
2017 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 56 - MICROENTERPRISE DEVELOPMENT
Section 11-56-70. Use of grants.
Universal Citation: SC Code § 11-56-70 (2017)
A grant made by the department to a microloan delivery organization may be used to:
(1) satisfy matching fund requirements for other federal or private grants;
(2) establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises;
(3) establish a guaranty fund from which the microloan delivery organization may guarantee loans made by financial institutions to microenterprises; and
(4) provide funding for the operating costs of a microloan delivery organization.
HISTORY: 2014 Act No. 171 (H.3125), Section 1.A, eff January 1, 2014.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
