{"data":{"id":"us-sc/s.c.-code-ann.-33-37-1100","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-37-1100","heading":"Dissolution of loss reserve fund.","body":"If a loan is not made by participating financial institutions for three consecutive years and the General Assembly does not appropriate additional funds for the program for those three consecutive years, BDC may pay over to the participating financial institutions their allocable shares of funds in the loss reserve account and pay over to the State of South Carolina, as directed by the South Carolina Board of Financial Institutions, funds held in the state fund account.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 37 Business Development Corporations","ARTICLE 10 Capital Access Program"],"source_url":"https://www.scstatehouse.gov/code/t33c037.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:09Z","sha256":"4a901c5a1744b32f19192cdc85114868dc5fdcb844850c5828f83cbfb2d98739","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-37-1090","next":"us-sc/s.c.-code-ann.-33-38-110"},"notice":"GroundRules: Original legal text. Not legal advice."}