South Carolina Code of Regulations
68-15 - Use of Loan Proceeds.

Universal Citation: SC Code Regs 68-15

68-15. Use of Loan Proceeds.

A. Proceeds from loans made by the Jobs-Economic Development Authority may be used only for those purposes prescribed in Section 17, Act 145, 1983 Acts and Joint Resolutions.

B. Loan proceeds may not be used for the relocation of a business within South Carolina; unless there has been a clear showing that such relocation is necessary for the creation or maintenance of a significant number of jobs in South Carolina.

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