South Carolina § 11-40-70 Receipt, distribution, and holding of funds by the authority.

South Carolina Statutes

§ 11-40-70 — Receipt, distribution, and holding of funds by the authority.

South Carolina § 11-40-70

Title 11PUBLIC FINANCE

Ch. 40SOUTH CAROLINA INFRASTRUCTURE FACILITIES AUTHORITY ACT

This text of South Carolina § 11-40-70 (Receipt, distribution, and holding of funds by the authority.) 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. § 11-40-70 (2026).

Text

The authority may receive funds from federal, state, or other sources for the purpose of making grants to local governments to fund, or assist in funding, projects, infrastructure services and management services. Except with respect to funds for the purpose of making grants described in Section 11-40-50 (C)(6), the funds must be held by the authority separately from the fund. The authority may hold and distribute the funds in accordance with any federal or state program in connection with which the funds were received by the authority.

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The authority may receive funds from federal, state, or other sources for the purpose of making grants to local governments to fund, or assist in funding, projects, infrastructure services and management services. Except with respect to funds for the purpose of making grants described in Section 11-40-50 (C)(6), the funds must be held by the authority separately from the fund. The authority may hold and distribute the funds in accordance with any federal or state program in connection with which the funds were received by the authority.