40 chapters · 702 sections in this title.
S.C. Code Ann. § 11-18-10 Recovery zone facility bonds and recovery zone economic development bonds; issuance
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The General Assembly finds and determines that: (a) Sections 1400U-2 and 1400U-3 of the American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5.123 Stat. 115 (2009) (codified at Section 1400U-2 and -3 of the Internal Revenue Code) ("ARRA") added two new types of bonds a…
S.C. Code Ann. § 11-18-20 Definitions
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(a) "ARRA Bonds" mean: (1) recovery zone bonds authorized under Section 1401 of ARRA; and (2) Qualified Energy Conservation Bonds authorized under Section 301(a) of Tax Extenders and Alternative Minimum Tax Relief Act of 2008, Pub. L. 110-343, 122 Stat. 1365 (2008) as amended by …
S.C. Code Ann. § 11-18-30 Volume Cap allocation
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For any Volume Cap allocation of Qualified Energy Conservation Bonds and any other Volume Cap allocation for Other Federal Bonds, which has not been or shall not be further suballocated by the Code, the Internal Revenue Service or the United States Department of the Treasury, the…
S.C. Code Ann. § 11-18-40 Local Government waiver of Volume Cap allocation; board management of allocation
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(A) In accordance with the provisions of this chapter, the board shall establish a method for determining when a Local Government has waived all or part of its Volume Cap allocation and shall manage the reallocation of such Volume Cap. All allocations and reallocations made pursu…