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Section 11-46-40. Annual report; contents.

SC Code § 11-46-40 (2019) (N/A)
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The South Carolina Research Authority shall submit an annual report to the Governor and the General Assembly containing at a minimum the following:

(1) the total amount of monies placed in the fund in a fiscal year and the total amount of monies granted from the fund in a fiscal year;

(2) a list of the applicants that received grants and the applicants' stated objectives;

(3) an audit of the activities conducted by the applicants;

(4) the monies used by the authority for administration and management, which may not exceed two hundred thousand dollars annually, and the percentage of each grant used for administration and management;

(5) the progress achieved by the authority and the fund in creating a sustainable foundation upon which a hydrogen economy may develop across the State; and

(6) the certified gross profits earned by grant recipients provided pursuant to Section 11-46-60.

HISTORY: 2007 Act No. 83, Section 2.

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Section 11-46-30. Donor tax credits; schedule of state appropriations.
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Section 11-46-50. State agency purchase of machinery or equipment operated by hydrogen or fuel cells.