South Carolina § 11-18-80 Maximum use of Volume Cap allocations.

South Carolina Statutes

§ 11-18-80 — Maximum use of Volume Cap allocations.

South Carolina § 11-18-80

Title 11PUBLIC FINANCE

Ch. 18SOUTH CAROLINA VOLUME CAP ALLOCATION ACT

This text of South Carolina § 11-18-80 (Maximum use of Volume Cap allocations.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 11-18-80 (2026).

Text

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.

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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.