South Carolina § 11-46-40 Annual report; contents.

South Carolina Statutes

§ 11-46-40 — Annual report; contents.

South Carolina·Title 11 PUBLIC FINANCE·Ch. 46 SOUTH CAROLINA HYDROGEN INFRASTRUCTURE DEVELOPMENT ACT

The South Carolina Research Authority shall submit an annual report to the Governor and the General Assembly containing at a minimum the following:

(1)the total amount of monies placed in the fund in a fiscal year and the total amount of monies granted from the fund in a fiscal year;

(2)a list of the applicants that received grants and the applicants' stated objectives;

(3)an audit of the activities conducted by the applicants;

(4)the monies used by the authority for administration and management, which may not exceed two hundred thousand dollars annually, and the percentage of each grant used for administration and management;

(5)the progress achieved by the authority and the fund in creating a sustainable foundation upon which a hydrogen economy may develop across the State; and (6)

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The South Carolina Research Authority shall submit an annual report to the Governor and the General Assembly containing at a minimum the following: (1) the total amount of monies placed in the fund in a fiscal year and the total amount of monies granted from the fund in a fiscal year; (2) a list of the applicants that received grants and the applicants' stated objectives; (3) an audit of the activities conducted by the applicants; (4) the monies used by the authority for administration and management, which may not exceed two hundred thousand dollars annually, and the percentage of each grant used for administration and management; (5) the progress achieved by the authority and the fund in creating a sustainable foundation upon which a hydrogen economy may develop across the State; and (6) the certified gross profits earned by grant recipients provided pursuant to Section 11-46-60.

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