South Carolina Statutes
§ 11-45-60 — Selection of investment plans.
South Carolina § 11-45-60
JurisdictionSouth Carolina
Title 11PUBLIC FINANCE
Ch. 45VENTURE CAPITAL INVESTMENT ACT OF SOUTH CAROLINA
This text of South Carolina § 11-45-60 (Selection of investment plans.) 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. § 11-45-60 (2026).
Text
Each designated investor group authorized by its designated investor contract shall solicit from investors plans for the investing of capital held in the designated investor group's revolving fund in accordance with the requirements of this chapter. Each designated investor group shall consider and select the investment plans and shall select investors qualified to:
(1)make the most effective and efficient utilization of the investment; and (2) invest in venture capital investments, requiring equity, near-equity, or seed capital which promote the economic development goals of this State in accordance with the strategy established by the Department of Commerce.
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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-45-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/45/11-45-60.