South Carolina § 11-56-50 - Criteria for awarding grants.
Full text of South Carolina South Carolina Code of Laws § 11-56-50 — Criteria for awarding grants., with citation guidance and answers to common questions.
§ 11-56-50. Criteria for awarding grants.
In developing criteria for awarding grants to microloan delivery organizations, the department shall consider the organization's:
(1) plan for providing business development services and microloans to microenterprises;
(2) plan for securing loan assistance from financial institutions;
(3) plan for coordinating the services and loans provided by the microloan delivery organization with loans from financial institutions;
(4) scope of services to be provided;
(5) ability to provide business development in areas of chronic economic distress and low-income regions of the State;
(6) area of the State to be served, with consideration being given to achieving equitable geographic distribution in awarding grants to areas of the State in need, including rural and urban communities and neighborhoods;
(7) ability to provide business training and technical assistance to microenterprise clients;
(8) ability to monitor and provide financial oversight of microloan recipients; and
(9) sources and sufficiency of operating funds.
HISTORY: 2014 Act No. 171 (H.3125), SECTION 1.A, eff January 1, 2014.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-56-50
What does South Carolina Code of Laws § 11-56-50 cover?
Section 11-56-50 ("Criteria for awarding grants.") 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 § 11-56-50?
A common citation format is "South Carolina Code of Laws § 11-56-50" (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 § 11-56-50 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.