The maximum amount of any loan made pursuant to this chapter shall not exceed ninety percent of the estimated amount of the grant in anticipation of which the loan is made.
HISTORY: 1962 Code Section 1-641.2; 1971 (57) 902.
Structure South Carolina Code of Laws
Chapter 19 - Borrowing In Anticipation Of Federal Grants
Section 11-19-10. Definitions.
Section 11-19-30. Maximum amount.
Section 11-19-40. Manner of issuing obligations.
Section 11-19-50. Necessity of holding election before issuance of obligations.
Section 11-19-60. Necessity of obtaining consent or approval.