S.C. Code Ann. § 41-43-220: Administrative funds not to be obligated except for administrative expenses.
Where this section sits in the code
- Title 41 - LABOR AND EMPLOYMENT
- CHAPTER 43 South Carolina Jobs - Economic Development Fund Act
The authority must not incur any obligations, other than obligations related to administrative expenses, payable out of administrative funds. All other obligations are payable solely from program funds which limitation is clearly stated on the face of any bonds and in the text of any other obligation or contract. However, program funds may be used to pay administrative expenses.
Collected 2026-09-02T07:27:24Z. Source file · JSON