South Carolina § 11-50-70 - Rural Infrastructure Fund capitalization.
Full text of South Carolina South Carolina Code of Laws § 11-50-70 — Rural Infrastructure Fund capitalization., with citation guidance and answers to common questions.
§ 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.
HISTORY: 2010 Act No. 171, SECTION 1, eff May 26, 2010.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-50-70
What does South Carolina Code of Laws § 11-50-70 cover?
Section 11-50-70 ("Rural Infrastructure Fund capitalization.") 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 § 11-50-70?
A common citation format is "South Carolina Code of Laws § 11-50-70" (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 § 11-50-70 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.