{"data":{"id":"us-sc/s.c.-code-ann.-11-56-70","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 11-56-70","heading":"Use of grants.","body":"A grant made by the department to a microloan delivery organization may be used to:\n(1) satisfy matching fund requirements for other federal or private grants;\n(2) establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises;\n(3) establish a guaranty fund from which the microloan delivery organization may guarantee loans made by financial institutions to microenterprises; and\n(4) provide funding for the operating costs of a microloan delivery organization.","path":["Title 11 - PUBLIC FINANCE","CHAPTER 56 Microenterprise Development"],"source_url":"https://www.scstatehouse.gov/code/t11c056.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:34:14Z","sha256":"e4af36092bce29ca49f058445f9619bbc819c240c62898c80b1bb5ce6692f658","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-11-56-60","next":"us-sc/s.c.-code-ann.-11-56-80"},"notice":"GroundRules: Original legal text. Not legal advice."}