South Carolina Code of Laws
Title 11 - Public Finance

Section 11-40-20. South Carolina Infrastructure Facilities Authority; creation; membership; purpose. - (A) There is created a body corporate and politic and...

Section 11-40-30. Definitions. - As used in this chapter, unless a different meaning clearly...

Section 11-40-40. Powers of authority. - In addition to the powers set forth elsewhere in this...

Section 11-40-50. South Carolina Infrastructure Revolving Loan Fund; establishment; purpose; deposits to fund; use of monies in fund. - (A) There is established the South Carolina Infrastructure Revolving Loan...

Section 11-40-60. Authority may make loans; loan commitments and option agreements; conditions for grant of loan; fees and charges. - (A) The authority may make loans to a local government...

Section 11-40-70. Receipt, distribution, and holding of funds by the authority. - The authority may receive funds from federal, state, or other...

Section 11-40-80. Local governments authorized to borrow money from authority through loan agreements and loan obligations; provisions of chapter not exclusive; additional contracts with authority. - (A) All local governments are authorized to borrow money from...

Section 11-40-90. Authority to issue bonds; use of proceeds; requirements for issuance of bonds; Joint Bond Review Committee to establish priorities for funding of projects. - (A) The authority has the power and is authorized from...

Section 11-40-100. Authority to pledge revenues, funds, or loan obligations to secure bonds. - The authority may pledge any of its revenues or funds...

Section 11-40-110. Bonds not debt or pledge of faith and credit of State or its political subdivisions other than the authority; statements to be contained on bonds. - Bonds issued by the authority are not a debt or...

Section 11-40-120. Bonds to be authorized by resolution; requirements for bonds. - The bonds of the authority must be authorized by a...

Section 11-40-130. Trust indenture for securing bonds; provisions of bond resolution or trust indenture; bonds primarily secured by pool of obligations. - (A) Bonds may be secured by a trust indenture between...

Section 11-40-140. Validity of pledge by authority; lien of pledge. - A pledge made by the authority is valid and binding...

Section 11-40-150. Bonds made negotiable instruments. - Whether or not the bonds of the authority are of...

Section 11-40-160. Bonds and income from bonds exempt from taxes and assessments. - The authority is performing an essential governmental function in the...

Section 11-40-170. Bonds of authority made securities. - The bonds of the authority are made securities in which...

Section 11-40-180. Offer, sale, or issuance of bonds, notes, or other obligations not subject to regulation under Chapter 1, Title 35. - The offer, sale, or issuance of bonds, notes, or other...

Section 11-40-190. Pledge of State not to impair rights and remedies of bondholders. - This State pledges to and agrees with the holders of...

Section 11-40-200. Defaults by local governments; withholding of state funds; exceptions. - (A) If a local government fails to collect and remit...

Section 11-40-210. Authority members, officers, or employees not subject to liability. - Neither the members of the authority nor any officer or...

Section 11-40-220. Additional notices, proceedings, or publications not required; not subject to referendum. - No notice, proceeding, or publication except those required in this...

Section 11-40-230. Deposit of money of authority; investment of funds. - All money of the authority, except as otherwise authorized by...

Section 11-40-240. Annual reports; audit of books and accounts. - Following the close of each fiscal year, the authority shall...

Section 11-40-250. Division of Local Government to assist authority; duties of Division. - The Division of Local Government of the State Rural Infrastructure...

Section 11-40-260. Chapter to be liberally construed; approval of bonds not required; provisions of Chapter control. - This chapter, being for the welfare of this State and...

Section 11-40-270. Severability provision. - If any provision of this chapter is held or determined...

Chapter 41 - State General Obligation Economic Development Bond Act

Section 11-41-10. Short title. - This chapter may be cited as the "State General Obligation...

Section 11-41-20. Increase in general obligation debt limitation. - As incident to this chapter, the General Assembly finds: (1)...

Section 11-41-30. Definitions. - As used in this chapter: (1) "Department" means the State...

Section 11-41-40. Issuance of bonds pursuant to chapter. - To obtain funds for allocation to the department or to...

Section 11-41-50. Maximum annual debt service on all general obligation bonds of State; additional authorization for issuance. - (A) Pursuant to Section 13(6)(c), Article X of the Constitution...

Section 11-41-60. Maximum annual debt service on bonds issued pursuant to chapter. - The maximum annual debt service on bonds issued pursuant to...

Section 11-41-70. Bond notification requirements. - Before issuing economic development bonds, the department or in the...

Section 11-41-75. Economic development bonds for convention and trade show; reimbursement provisions not applicable if sold and replaced with similar facility. - (A) Notwithstanding the provisions of Section 11-41-70(2)(d), the provisions requiring...

Section 11-41-80. Adoption of resolution effecting issue of bonds. - Following the receipt of the notification presented pursuant to Section...

Section 11-41-90. Authorizing resolution. - To effect the issuance of bonds, the State Fiscal Accountability...

Section 11-41-100. Bond maturity date and terms; determination of interest rate. - The bonds must bear the date and mature at the...

Section 11-41-110. Bonds exempt from taxation. - All bonds issued under this chapter are exempt from taxation...

Section 11-41-120. Executive signature and State seal requirements. - All bonds issued under this chapter must be signed by...

Section 11-41-130. Payment of principal and interest. - For the payment of the principal and interest on all...

Section 11-41-140. Sale of bonds. - Bonds must be sold by the Governor and the State...

Section 11-41-150. Application of proceeds; liability of purchasers for misapplication. - The proceeds of the sale of bonds must be received...

Section 11-41-160. Purchase by fiduciaries. - It is lawful for all executors, administrators, guardians, and other...

Section 11-41-170. Expenditure of proceeds. - The proceeds received from the issuance of bonds, after deducting...

Section 11-41-180. Infrastructure procurement procedures for research universities. - All procurements of infrastructure, as defined in Section 11-41-30 and...

Chapter 42 - South Carolina Comprehensive Infrastructure Development Act

Section 11-42-10. Short title. - This chapter may be cited as the South Carolina Comprehensive...

Section 11-42-20. Legislative purpose. - Comprehensive infrastructure development and planning is vitally important to the...

Section 11-42-30. Definitions. - As used in this chapter: (1) "Board" means the governing...

Section 11-42-40. Division of Regional Development; director. - (A) There is created the Division of Regional Development as...

Section 11-42-50. Responsibilities and powers of division. - The Division of Regional Development is the state program responsible...

Section 11-42-60. Additional administrative powers. - The division shall function as a division of the Rural...

Section 11-42-80. State agencies required to make regulatory decisions consistent with state and regional comprehensive infrastructure development plans. - Every state agency and program that licenses, permits, regulates, or...

Section 11-42-90. Regional Councils of Government to serve as liaisons between Division of Regional Development and state political subdivisions; activities and duties. - (A) The Regional Councils of Government shall serve as liaisons...

Chapter 43 - South Carolina Transportation Infrastructure Bank Act

Section 11-43-110. Short title. - This chapter may be referred to as the "South Carolina...

Section 11-43-120. Creation of South Carolina Transportation Infrastructure Bank; board of directors; corporate purpose; accounts. - (A) There is created a body corporate and politic and...

Section 11-43-130. Definitions. - As used in this chapter unless the context clearly indicates...

Section 11-43-140. Board of directors; members; terms; vacancies. - The board of directors is the governing board of the...

Section 11-43-150. Powers of bank; limitations. - (A) In addition to the powers contained elsewhere in this...

Section 11-43-160. Sources for capitalization and purposes of bank; use of state highway account revenues. - (A) The following sources may be used to capitalize the...

Section 11-43-165. Repealed. - HISTORY: Former Section, titled South Carolina Transportation Infrastructure Bank, had...

Section 11-43-167. Fees and fines credited to the State Highway Fund. - (A) The fees and fines collected pursuant to Sections 12-37-2740(D),...

Section 11-43-170. Earnings on federal and state accounts; establishment of accounts and subaccounts; commingling of funds, compliance with federal law. - (A) Earnings on balances in the federal accounts must be...

Section 11-43-180. Loans and other financial assistance; approval by Joint Bond Review Committee; term; financing agreement; terms and conditions; selection of projects, preference, considerations. - (A) The bank may provide loans and other financial assistance...

Section 11-43-190. Financing agreements; application of other statutes or provisions; obligations secured by ad valorem taxes; security interest in project revenues; expenditure of proceeds. - (A) Qualified borrowers are authorized to obtain loans or other...

Section 11-43-200. Exemption from taxes or assessments. - The bank is performing an essential governmental function in the...

Section 11-43-210. Failure of governmental unit to remit amounts due; withholding of funds. - (A) If a government unit fails to collect and remit...

Section 11-43-220. Liability. - Neither the board nor any officer, employee, or committee of...

Section 11-43-230. Notice, proceeding, or publication not necessary; bank not subject to referendum. - Notice, proceeding, or publication, except those required in this chapter,...

Section 11-43-240. Deposit and investments. - All money of the bank, except as authorized by law...

Section 11-43-250. Annual report; audit of books and accounts. - Following the close of each state fiscal year, the bank...

Section 11-43-260. Liberal construction. - This chapter, being for the welfare of this State and...

Section 11-43-265. Prioritization of projects. - (A) Notwithstanding any other provision of law and subject to...

Section 11-43-270. Severability of provisions. - If any provision of this chapter is held or determined...

Section 11-43-310. Definitions. - As used in this article, unless a different meaning clearly...

Section 11-43-315. Issuance of bonds; review and approval of Joint Bond Review Committee. - Whenever it shall become necessary that monies be raised for...

Section 11-43-320. Pledges of revenue or funds to bond payment; bonds secured by pledge. - The bank may pledge any of its revenue or funds...

Section 11-43-330. Bonds not debt or pledge of full faith and credit of State; personal liability; statement. - Bonds issued by the bank do not constitute a debt...

Section 11-43-340. Bonds authorized by resolution; execution; payability; other provisions; interest; public or private sale, price; time of issuance. - The bonds of the bank must be authorized by a...

Section 11-43-350. Trust indenture. - (A) Bonds may be secured by a trust indenture between...

Section 11-43-360. Validity of pledge; lien; recording or filing of resolution not necessary; filing of record of issuance proceedings. - Any pledge made by the bank is valid and binding...

Section 11-43-370. Purchase of outstanding bonds; price. - The bank, subject to agreements with bondholders as may then...

Section 11-43-380. Form and execution of bonds. - Bonds of the bank must be in a form and...

Section 11-43-390. Members or officers ceasing to be members before delivery of bonds; validity of signatures. - If any of the members or officers of the bank...

Section 11-43-400. Vested rights; application of subsequent amendments to this article. - Subsequent amendments to this article may not limit the rights...

Section 11-43-410. Exemption from taxation and assessment. - Any bonds issued by the bank, the transfer of bonds,...

Section 11-43-420. Bonds legal investments, securities. - The bonds issued by the bank are legal investments in...

Section 11-43-510. Definitions. - As used in this article: (1) "Board" means the Board...

Section 11-43-520. Request for issuance of transportation infrastructure bonds; contents. - Whenever it shall become necessary that monies be raised for...

Section 11-43-530. Review of request; approval of bonds or bond anticipation notes. - Following the receipt of any request pursuant to Section 11-43-520,...

Section 11-43-540. Limitations; review by Joint Bond Review Committee; payment of principal and interest. - The issuance of transportation infrastructure bonds is subject to the...

Section 11-43-550. Pledge of full faith, credit, taxing power, and other revenue of State for payment of principal and interest; allocation of tax revenues. - For the payment of the principal of and interest on...

Section 11-43-560. Request for issuance of transportation infrastructure bonds; resolution, contents. - The board is authorized to request the state board to...

Section 11-43-570. Issuance of bonds. - Following receipt of a certified copy of the resolution of...

Section 11-43-580. Form, denominations, provisions of bonds. - Transportation infrastructure bonds shall be issued in such form, in...

Section 11-43-590. Issuance as fully registered bonds; transfer. - Transportation infrastructure bonds must be issued as fully registered bonds...

Section 11-43-600. Interest; redemption. - Transportation infrastructure bonds shall bear interest, payable on such occasions...

Section 11-43-610. Exemption from taxes or assessments. - All transportation infrastructure bonds issued under this article, and the...

Section 11-43-620. Sale upon sealed proposals; notice; awarding of bonds; rejection, readvertising. - Transportation infrastructure bonds must be sold by the Governor and...

Section 11-43-630. Application of proceeds. - The proceeds derived from the sale of transportation infrastructure bonds...

Chapter 44 - High Growth Small Business Job Creation Act

Section 11-44-10. Short title. - This chapter may be cited as the "High Growth Small...

Section 11-44-20. Legislative intent. - The General Assembly desires to support the economic development goals...

Section 11-44-30. Definitions. - For purposes of this chapter: (1) "Angel investor" means an...

Section 11-44-40. Nonrefundable income tax credit for qualified investments. - (A) An angel investor is entitled to a nonrefundable income...

Section 11-44-50. Conditions and limitations on tax credits. - Tax credits claimed pursuant to this chapter are subject to...

Section 11-44-60. Registration of qualified businesses. - (A) A qualified business shall register with the Secretary for...

Section 11-44-65. Tax treatment of capital gain or loss on sale or exchange of credit assets. - (A) For purposes of this section: (1) "Angel investor taxpayer"...

Section 11-44-70. Application for tax credit; approval; report. - (A) An angel investor seeking to claim a tax credit...

Section 11-44-80. Tax credits not considered securities. - Tax credits generated as a result of these investments are...

Chapter 45 - Venture Capital Investment Act Of South Carolina

Section 11-45-10. Short title. - This chapter may be cited as the "Venture Capital Investment...

Section 11-45-20. Legislative intent. - The General Assembly desires to increase the availability of equity,...

Section 11-45-30. Definitions. - For purposes of this chapter: (1) "Authority" means the South...

Section 11-45-40. South Carolina Venture Capital Authority; appointment, qualifications and terms of directors; authority; conflict of interest. - (A) There is created, within the South Carolina Department of...

Section 11-45-50. Solicitation of investment plans; contents; contracts with designated investor groups. - (A)(1) The authority shall solicit as necessary from time to...

Section 11-45-55. Tax credit certificates. - (A) Each designated investor group shall have the power and...

Section 11-45-60. Selection of investment plans. - Each designated investor group authorized by its designated investor contract...

Section 11-45-70. Venture capital investment requirements. - In order for a designated investor group to place monies...

Section 11-45-80. South Carolina Technology Innovation Fund established; purposes. - In addition to and apart from the other duties and...

Section 11-45-90. Reports by investor groups to Venture Capital Authority; contents. - Each designated investor group shall provide an annual report to...

Section 11-45-95. Reports by authority; contents. - (A) The authority shall provide an annual report to the...

Section 11-45-100. Power of authority to implement chapter; employment of persons. - (A) The authority has the power to establish guidelines and...

Section 11-45-105. Approval of guidelines. - Any guideline issued by the authority pursuant to this chapter...

Chapter 46 - South Carolina Hydrogen Infrastructure Development Act

Section 11-46-10. Citation of chapter. - This chapter may be cited as the "South Carolina Hydrogen...

Section 11-46-20. South Carolina Hydrogen Infrastructure Development Fund; applications for and distribution of grants. - (A) There is established in the State Treasury a separate...

Section 11-46-30. Donor tax credits; schedule of state appropriations. - (A) The South Carolina Hydrogen Infrastructure Development Fund may receive...

Section 11-46-40. Annual report; contents. - The South Carolina Research Authority shall submit an annual report...

Section 11-46-50. State agency purchase of machinery or equipment operated by hydrogen or fuel cells. - Each state agency head shall require the agency's procurement officer,...

Section 11-46-60. Repayment of grant. - Two percent of the gross profits derived from the sale...

Section 11-46-70. Designation of nonprofit affiliate to implement provisions of chapter. - The authority or a nonprofit affiliate designated by the authority...

Chapter 47 - Tobacco Escrow Fund Act

Section 11-47-10. Short title. - This chapter may be cited as the "Tobacco Escrow Fund...

Section 11-47-20. Definitions. - As used in this chapter: (a) "Adjusted for inflation" means...

Section 11-47-30. Tobacco product manufacturers required to participate in Master Settlement Agreement or deposit funds in qualified escrow fund. - Any tobacco product manufacturer selling cigarettes to consumers within the...

Section 11-47-40. Stay of execution upon filing of notice of appeal. - (A) The appeal of a judgment awarding relief in a...

Chapter 48 - Tobacco Qualified Escrow Fund Enforcement

Section 11-48-10. Legislative findings. - The General Assembly finds that: (1) potential violations of Chapter...

Section 11-48-20. Definitions. - As used in this chapter: (1) "Brand family" means all...

Section 11-48-30. Compliance certification by tobacco product manufacturers; brand family lists; public inspection; affixing stamp to or offering to sell tobacco products not listed on certification; penalties. - (A) Each tobacco product manufacturer whose cigarettes are sold in...

Section 11-48-40. Nonresident nonparticipating manufacturer not registered to do business in State; appointment of agent for service of process. - (A) A nonresident or foreign nonparticipating manufacturer that has not...

Section 11-48-50. Compliance information by cigarette distributors; proof of establishment by nonparticipating manufacturers of qualified escrow funds; submission of packaging or labeling samples; authority to promulgate regulations requiring quarter... - (A) No later than twenty days after the end of...

Section 11-48-60. Enforcement by revocation or suspension of license of cigarette distributor, civil penalties, forfeitures, and injunctions; costs. - (A) In addition to or instead of another civil or...

Section 11-48-70. Review of refusal to list or removal of brand family from list. - A determination of the Attorney General to not list in,...

Section 11-48-80. Certification of intention to comply with chapter; authority to promulgate regulations; recovery of investigation and litigation costs; relation to Chapter 47; severability. - (A) A person must not be issued a license or...

Section 11-48-90. Sale or possession of counterfeit cigarettes; penalties; definition; seizure as contraband. - (A) It is unlawful for a cigarette manufacturer, cigarette importer,...

Section 11-48-100. Violations of chapter; penalty. - It is unlawful for any person knowingly to violate any...

Section 11-48-110. Interpretation with Chapter 48. - This Chapter 48 is intended as an aid to the...

Chapter 49 - Tobacco Settlement Revenue Management Authority Act

Section 11-49-10. Short title. - This chapter may be cited as the "Tobacco Settlement Revenue...

Section 11-49-20. Definitions. - As used in this chapter: (1) "Authority" means the Tobacco...

Section 11-49-30. Tobacco Settlement Revenue Management Authority created; purpose; termination. - (A) There is created the Tobacco Settlement Revenue Management Authority,...

Section 11-49-40. Board; members; compensation; ethics; administrative assistance; personnel. - (A) The authority is governed by a board that shall...

Section 11-49-50. Tobacco receipts; assignment to authority. - The State's tobacco receipts due to the State after June...

Section 11-49-55. State-grown crops; marketing, branding, and natural disaster relief assistance. - Notwithstanding any other provision of law, and to the extent...

Section 11-49-60. Powers of board to operate and administer authority. - In addition to the powers contained elsewhere in this chapter,...

Section 11-49-70. Bonds. - (A) The board may issue bonds in the name of...

Section 11-49-80. Board and authority assets limited to tobacco receipts. - The authority and the board shall have no other assets...

Section 11-49-90. Power to incur debt. - The authority and the board have no power to incur...

Section 11-49-100. Accounts to be maintained separately; annual report. - All accounts of the authority must be held and maintained...

Section 11-49-120. Taxation of bonds, interest from bonds, and property of authority; fiduciaries authorized to invest in bonds. - (A) The bonds and the income from the bonds are...

Section 11-49-130. Excess tobacco receipts. - All of the state's tobacco receipts not needed to pay...

Section 11-49-140. Exemption from provisions of Chapter 23, Title 1. - Notwithstanding any other provision of law, the provisions of Chapter...

Section 11-49-150. Consent to and approval of master settlement agreement; modification. - The General Assembly consents to and approves the Master Settlement...

Section 11-49-160. Right of authority to fulfill agreements with bond holders protected. - The State pledges and agrees with the authority, and the...

Section 11-49-170. Chapter to be liberally construed. - This act and all powers granted by this chapter must...

Chapter 50 - South Carolina Rural Infrastructure Act

Section 11-50-10. Short title. - This chapter may be referred to as the "South Carolina...

Section 11-50-20. Legislative findings. - The General Assembly finds that: (1) Adequate infrastructure facilities are...

Section 11-50-30. South Carolina Rural Infrastructure Authority; creation; governance; purpose; fund. - (A) There is created a body corporate and politic and...

Section 11-50-40. Definitions. - As used in this chapter, unless the context clearly indicates...

Section 11-50-50. Board of directors; terms; vacancies; compensation. - (A) The board of directors is the governing board of...

Section 11-50-55. Director of the authority. - The authority, by a majority vote of the board of...

Section 11-50-60. Powers of authority. - In addition to the powers contained elsewhere in this chapter,...

Section 11-50-65. Administrative support for State Rural Infrastructure Authority. - The Department of Commerce shall provide such administrative support to...

Section 11-50-70. Rural Infrastructure Fund capitalization. - The following sources may be used to capitalize the Rural...

Section 11-50-80. Earnings on balances in Rural Infrastructure Fund. - Earnings on balances in the Rural Infrastructure Fund must be...

Section 11-50-90. Loans and other financial assistance. - (A) The authority may provide loans and other financial assistance...

Section 11-50-100. Financing agreements; authorizations; security. - (A) Eligible entities are authorized to obtain loans or other...

Section 11-50-110. Exempt from taxes and assessments. - The authority is performing an essential governmental function in the...

Section 11-50-120. Defaults by eligible entities. - (A) If an eligible entity fails to collect and remit...

Section 11-50-130. Liability of authority, officers, employees, or committees. - Neither the authority nor any officer, employee, or committee of...

Section 11-50-140. Additional notices, proceedings or publications not required; not subject to referendum. - Notice, proceeding, or publication, except those required in this chapter,...

Section 11-50-150. Deposit of money of authority; investment of funds. - All money of the authority and in the Rural Infrastructure...

Section 11-50-160. Annual reports; audit of books and accounts. - Following the close of each state fiscal year, the authority...

Section 11-50-170. Liberal construction; approval of ad valorem property taxes. - (A) This chapter, being for the welfare of this State...

Section 11-50-180. Severability provision. - If any provision of this chapter is held or determined...

Chapter 51 - South Carolina Research University Infrastructure Act

Section 11-51-10. Short title. - This chapter may be cited as the "South Carolina Research...

Section 11-51-20. Legislative findings and purpose. - The General Assembly finds: (1) That by Section 4, Act...

Section 11-51-30. Definitions. - As used in this chapter: (1) "Facilities and administration costs"...

Section 11-51-40. Issuance of general obligation debt authorized; limitations. - To obtain funds for allocation to the research universities for...

Section 11-51-50. Maximum annual debt service at time of issuance. - (A) Pursuant to the provisions of Section 13(6)(c), Article X...

Section 11-51-60. Research infrastructure project used for unapproved purpose; reimbursement of debt service to State. - In the event a research infrastructure project is used for...

Section 11-51-70. Certification of costs to State Budget and Control Board prior to issuance of general obligation debt. - As a condition precedent to the issuance of general obligation...

Section 11-51-80. Information provided to Joint Bond Review Committee and State Budget and Control Board prior to issuance of general obligation debt. - Before the issuance of general obligation debt, the Research Centers...

Section 11-51-90. Principal amount of general obligation debt provided on a competitive basis. - The principal amount of the general obligation debt allocated to...

Section 11-51-100. Issuance of general obligation debt or anticipation notes. - Following the receipt of the information presented pursuant to Section...

Section 11-51-110. Resolution by State Budget and Control Board authorizing issuance of general obligation debt. - To effect the issuance of general obligation debt, the state...

Section 11-51-120. Maturity, payment, and interest rates. - The general obligation debt must bear the date and mature...

Section 11-51-125. Allocation and use of funds; authorization for additional bonds; project approval. - (A) Of the funds authorized pursuant to this act, public...

Section 11-51-130. General obligation debt exempt from taxation. - General obligation debt issued pursuant to this chapter is exempt...

Section 11-51-140. Executive signature, attestation, and state seal requirements. - General obligation debt issued pursuant to this chapter must be...

Section 11-51-150. Pledge of full faith, credit, and taxing power of State; allocation of tax revenues for payment of principal and interest. - For the payment of the principal of and interest on...

Section 11-51-160. Advertisement and sale requirements; right to reject bids; expenses incident to sale. - General obligation debt must be sold by the Governor and...

Section 11-51-170. Application of sale proceeds; liability of purchaser. - The proceeds of the sale of general obligation debt must...

Section 11-51-180. Investment by executors, administrators, and other fiduciaries. - It is lawful for executors, administrators, guardians, and other fiduciaries...

Section 11-51-190. Exemption from state procurement process; alternative procurement procedures. - The research universities while engaging in projects related to this...

Section 11-51-200. Construction of Chapter. - No provision of this act is intended nor shall any...

Chapter 53 - South Carolina Enterprise Information System

Section 11-53-10. Special accounts. - Each state agency may establish a special account for the...

Section 11-53-20. Implementation; exemptions; reports. - It is mandated by the General Assembly that SCEIS shall...

Section 11-53-30. State Office of Human Resources; modification of human resource policies to implement and transition to System; publication of changes. - In order to implement and transition to the South Carolina...

Chapter 55 - State Fiscal Accountability Authority

Section 11-55-10. State Fiscal Accountability Authority; executive director; staff. - (A) There is established the State Fiscal Accountability Authority consisting...

Section 11-55-30. Matters referred to and decided by authority. - In the course of conducting and managing state affairs where...

Section 11-55-40. Authority powers, duties, responsibilities, and authority. - (A) The authority shall exercise all functions, powers, duties, responsibilities,...

Section 11-55-50. Devolution of certain responsibilities of former Budget and Control Board. - Where the applicable enabling statute or the general law relating...

Chapter 56 - Microenterprise Development

Section 11-56-10. Short title. - This chapter may be cited as the "Microenterprise Development Act"....

Section 11-56-20. Definitions. - As used in this chapter: (1) "Department" means the Department...

Section 11-56-30. Purpose of chapter. - The purposes of this chapter are to: (1) better ensure...

Section 11-56-40. Microenterprise Partnership Program. - The Department of Commerce shall establish the Microenterprise Partnership Program...

Section 11-56-50. Criteria for awarding grants. - In developing criteria for awarding grants to microloan delivery organizations,...

Section 11-56-60. Grant of authorized funds. - Authorized funds may be awarded as a grant to a...

Section 11-56-70. Use of grants. - A grant made by the department to a microloan delivery...

Section 11-56-80. Contracts with statewide microlending support organization. - If the department enters into a contractual relationship with a...

Section 11-56-90. Annual report. - The department shall submit an annual report to the Governor...

Section 11-56-100. Regulations. - The department shall promulgate regulations to carry out the provisions...

Chapter 57 - Iran Divestment Act

Section 11-57-10. Short title. - This chapter may be cited as the "Iran Divestment Act...

Section 11-57-20. Findings. - The General Assembly finds that: (1) Congress and the President...

Section 11-57-30. Definitions. - As used in this chapter: (1) "Energy sector of Iran"...

Section 11-57-40. Chapter inapplicable to certain procurements or contracts. - This chapter does not apply to a procurement or contract...

Section 11-57-50. Failure to comply with chapter not grounds for protest. - Failure to comply with a provision of this chapter is...

Section 11-57-300. Investment activities in Iran. - For purposes of this chapter, a person engages in investment...

Section 11-57-310. List of persons engaged in investment activities in Iran; ineligibility to contract with State; validity of contracts. - (A)(1) No more than one hundred twenty days after the...

Section 11-57-320. Exception to contract prohibition on case-by-case basis. - Notwithstanding Section 11-57-310, a person engaged in investment activities in...

Section 11-57-330. Certification that person contracting with State is not on list created pursuant to 11-57-310; subcontracts; violations. - (A) A state agency or entity shall require a person...

Section 11-57-340. Report. - The executive director shall report to the President of the...

Section 11-57-500. Ineligibility to contact with political subdivisions. - A person that is identified on a list created pursuant...

Section 11-57-510. Certification in bidding process that person contracting with political subdivision is not on list created pursuant to 11-57-310; electronic submission. - (A) Effective January 1, 2015, every bid or proposal made...

Section 11-57-700. Prohibition of fund investment with person identified on list created pursuant to Section 11-57-310; divestment. - (A) Neither the Retirement System Investment Commission or the State...

Section 11-57-710. Exception to investment prohibition on case-by-case basis. - Notwithstanding Section 11-57-700, an investment may be made in a...

Section 11-57-720. Fiduciary responsibilities. - Nothing in this article requires the Retirement System Investment Commission...

Section 11-57-730. Indemnification. - Present, future, and former authority members, officers, and employees of...

Section 11-57-740. Applicability of chapter. - The restrictions provided for in this chapter apply only until:...

Chapter 58 - South Carolina Opioid Recovery Act

Section 11-58-10. Short title; purpose. - (A) This act may be cited as the "South Carolina...

Section 11-58-20. Definitions. - For purposes of this chapter: (1) "Administrative Subfund" means the...

Section 11-58-30. South Carolina Opioid Recovery Fund; establishment; use of funds. - (A) The State Treasurer shall establish the South Carolina Opioid...

Section 11-58-40. Discretionary Subfund. - (A) The State Treasurer shall establish the Discretionary Subfund within...

Section 11-58-50. Guaranteed Political Subdivision Subfund. - (A) The State Treasurer shall establish the Guaranteed Political Subdivision...

Section 11-58-60. Administrative Subfund. - (A) The State Treasurer shall establish the Administrative Subfund within...

Section 11-58-70. South Carolina Opioid Recovery Fund Board; creation; membership; terms; vacancies; meetings. - (A) The South Carolina Opioid Recovery Fund Board is hereby...

Section 11-58-80. Administrative operations of board; annual budget. - (A) The State Fiscal Accountability Authority is solely responsible for...

Section 11-58-90. Effect of settlements or judgments on subsequent claims. - (A) To the extent the Attorney General has entered into...

Section 11-58-100. Construction of chapter. - This act and all powers granted by this chapter must...

Chapter 60 - Public Finance

Section 11-60-10. Definitions. - For the purposes of this chapter: (1) "Authority" means the...

Section 11-60-20. Requirements for state agency to enter into a pay-for-success contract. - Subject to Section 11-60-30, a state agency may enter into...

Section 11-60-30. Approval by authority required prior to competitive solicitation or contract formation. - All pay-for-success contracts require approval by the authority prior to...

Section 11-60-40. Requirements for pay-for-success contracts. - Each pay-for-success contract must include the following: (1) a full...

Section 11-60-50. Establishment of trust fund for purpose of making success payments under pay-for-success contracts; receipt of funds; payments. - (A) There is established in the State Treasury a trust...

Section 11-60-60. Status reports; accounting for trust fund revenue separately from general fund revenues; private-sector organization considered a "public body". - (A) Annually, on or before February first, every state agency...

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South Carolina Code of Laws Title 11 - Public Finance

South Carolina Code of Laws
Title 11 - Public Finance