South Carolina § 11-56-70 - Use of grants.
Full text of South Carolina South Carolina Code of Laws § 11-56-70 — Use of grants., with citation guidance and answers to common questions.
§ 11-56-70. Use of grants.
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.
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 § 11-56-70
What does South Carolina Code of Laws § 11-56-70 cover?
Section 11-56-70 ("Use of 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 § 11-56-70?
A common citation format is "South Carolina Code of Laws § 11-56-70" (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 § 11-56-70 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.