South Carolina Statutes
§ 11-45-100 — Power of authority to implement chapter; employment of persons.
(A)The authority has the power to establish guidelines and regulations and make any contract (including without limitation any designated investor contract), execute any document, perform any act, or enter into any financial or other transaction necessary to implement this chapter.
(B)In furtherance of subsection (A) above, the authority, or the Department of Commerce on its behalf, as the case may be, may employ any person as may be required for:
(1)proper implementation of this chapter;
(2)the management of its assets; or (3) the performance of any function authorized or required by this chapter or necessary for the accomplishment of any function.
(C)The provisions of Title 11, Chapter 35 do not apply to any transaction necessary to implement this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 11-45-100 (Power of authority to implement chapter; employment of persons.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2004 Act No. 187, SECTION 5; 2005 Act No. 125, SECTION 1.
Nearby Sections
13
§ 11-45-10
Short title.§ 11-45-105
Approval of guidelines.§ 11-45-20
Legislative intent.§ 11-45-30
Definitions.§ 11-45-55
Tax credit certificates.§ 11-45-60
Selection of investment plans.§ 11-45-70
Venture capital investment requirements.§ 11-45-95
Reports by authority; contents.