South Carolina § 11-46-70 Designation of nonprofit affiliate to implement provisions of chapter.

South Carolina Statutes

§ 11-46-70 — Designation of nonprofit affiliate to implement provisions of chapter.

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

The authority or a nonprofit affiliate designated by the authority may implement the provisions of this chapter. A designated nonprofit affiliate shall establish a separate and distinct fund. Monies provided to the affiliate fund must be subject to the same conditions and requirements provided by law that apply to a fund established by the authority. Grants from the affiliate fund must be made with the consent of the executive committee of the authority. The provisions of this chapter and Section 12-6-3630 apply to the affiliate fund.

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The authority or a nonprofit affiliate designated by the authority may implement the provisions of this chapter. A designated nonprofit affiliate shall establish a separate and distinct fund. Monies provided to the affiliate fund must be subject to the same conditions and requirements provided by law that apply to a fund established by the authority. Grants from the affiliate fund must be made with the consent of the executive committee of the authority. The provisions of this chapter and Section 12-6-3630 apply to the affiliate fund.

South Carolina § 11-46-70 (Designation of nonprofit affiliate to implement provisions of chapter.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.