South Carolina Statutes
§ 11-56-70 — Use of grants.
South Carolina § 11-56-70
This text of South Carolina § 11-56-70 (Use of grants.) 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. § 11-56-70 (2026).
Text
A grant made by the department to a microloan delivery organization may be used to:
(1)satisfy matching fund requirements for other federal or private grants;
(2)establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises;
(3)establish a guaranty fund from which the microloan delivery organization may guarantee loans made by financial institutions to microenterprises; and (4) provide funding for the operating costs of a microloan delivery organization.
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Legislative History
HISTORY: 2014 Act No. 171 (H.3125), SECTION 1.A, eff January 1, 2014.
Nearby Sections
10
§ 11-56-10
Short title.§ 11-56-100
Regulations.§ 11-56-20
Definitions.§ 11-56-30
Purpose of chapter.§ 11-56-40
Microenterprise Partnership Program.§ 11-56-50
Criteria for awarding grants.§ 11-56-60
Grant of authorized funds.§ 11-56-70
Use of grants.§ 11-56-90
Annual report.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-56-70, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/56/11-56-70.