South Carolina Code of Regulations
Chapter 68 - SOUTH CAROLINA JOBS--ECONOMIC DEVELOPMENT AUTHORITY
68-20 - Terms of Loan Agreements.

Universal Citation: SC Code Regs 68-20

68-20. Terms of Loan Agreements.

A. The terms of Community Development Block Grant loans made by the Jobs-Economic Development Authority will vary according to individual project needs but will not exceed 15 years in length. Loans financed with economic development bonds, shall have a maximum term of forty years.

B. All loan documents pursuant to which the Jobs-Economic Development Authority makes loans may contain such terms and conditions as are customary for transactions of such character and as the officers signing such documents deemed reasonable or prudent and as may be required by the Board of Directors in any resolution authorizing such loan.

Disclaimer: These regulations may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.