South Carolina Statutes
§ 11-50-70 — Rural Infrastructure Fund capitalization.
The following sources may be used to capitalize the Rural Infrastructure Fund and for the authority to carry out its purposes:
(1)state general fund appropriations made by the General Assembly;
(2)federal funds made available to the State;
(3)federal funds made available to the State for the authority;
(4)contributions and donations from government units, private entities, and any other source as may become available to the authority;
(5)all monies paid or credited to the authority, by contract or otherwise, payments of principal and interest on loans or other financial assistance made from the authority, and interest earnings which may accrue from the investment or reinvestment of the authority's monies; and (6) other lawful sources as determined appropriate by the board.
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South Carolina § 11-50-70 (Rural Infrastructure Fund capitalization.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2010 Act No. 171, SECTION 1, eff May 26, 2010.
Nearby Sections
15
§ 11-50-10
Short title.§ 11-50-110
Exempt from taxes and assessments.§ 11-50-120
Defaults by eligible entities.§ 11-50-160
Annual reports; audit of books and accounts.§ 11-50-180
Severability provision.§ 11-50-20
Legislative findings.§ 11-50-40
Definitions.§ 11-50-55
Director of the authority.