The State may make, but is not required to make, grants of money or property to the authority for the purpose of enabling it to carry out its corporate purposes and for the exercise of its powers, including deposits to capital reserve funds. This section may not be construed to limit any other power to make grants to the authority.
S.C. Code Ann. § 11-37-190
State grants
Known as the South Carolina Resources Authority Act
The act spans §§ 11-37-10 to 11-37-90 (28 sections).
1988 Act No. 682, SECTION 2.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.