South Carolina § 1-11-510 - Allocation of bond limit amounts.
Full text of South Carolina South Carolina Code of Laws § 1-11-510 — Allocation of bond limit amounts., with citation guidance and answers to common questions.
§ 1-11-510. Allocation of bond limit amounts.
(A) The private activity bond limit for all issuing authorities must be allocated by the state authority in response to authorized requests as described in Section 1-11-530 by the issuing authorities, or as otherwise provided in Section 1-11-520(G).
(B) The aggregate private activity bond limit amount for all South Carolina issuing authorities is allocated initially to the State for further allocation within the limits prescribed herein.
(C) Nothing in this article or the State Ceiling Allocation Plan adopted pursuant to this article grants any rights to, or in the processes used in the allocation or disposition of, state ceiling. Decisions made pursuant to this article are final and are not subject to judicial or administrative review.
HISTORY: 1987 Act No. 117, SECTION 2; 2022 Act No. 202 (H.5075), SECTION 2, eff June 5, 2022.
Editor's Note
2022 Act No. 202, SECTION 6, provides as follows:
"SECTION 6. The provisions of this act are effective for allocations of state ceiling beginning January 1, 2022, and thereafter. For the first year of implementation, the state authority may adopt such special procedures as may be necessary to effect the requirements of this act."
Effect of Amendment
2022 Act No. 202, SECTION 2, rewrote (A) and (C).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 1-11-510
What does South Carolina Code of Laws § 1-11-510 cover?
Section 1-11-510 ("Allocation of bond limit amounts.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 1-11-510?
A common citation format is "South Carolina Code of Laws § 1-11-510" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 1-11-510 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.