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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 46 - South Carolina Hydrogen Infrastructure Development Act
Section 11-46-70. Designation of nonprofit affiliate to implement provisions of chapter.
Universal Citation: SC Code § 11-46-70 (2021)
The authority or a nonprofit affiliate designated by the authority may implement the provisions of this chapter. A designated nonprofit affiliate shall establish a separate and distinct fund. Monies provided to the affiliate fund must be subject to the same conditions and requirements provided by law that apply to a fund established by the authority. Grants from the affiliate fund must be made with the consent of the executive committee of the authority. The provisions of this chapter and Section 12-6-3630 apply to the affiliate fund.
HISTORY: 2007 Act No. 83, Section 2.
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