S.C. Code § 11-46-10
Citation of chapter
This chapter may be cited as the "South Carolina Hydrogen Infrastructure Development Act".
South Carolina Code Title 11, Chapter 46 — South Carolina Hydrogen Infrastructure Development Act
South Carolina · statute · S.C. Code tit. 11, ch. 46 · 7 active provisions
S.C. Code § 11-46-20
South Carolina Hydrogen Infrastructure Development Fund; applications for and distribution of grants
(A) There is established in the State Treasury a separate and distinct fund known as the "South Carolina Hydrogen Infrastructure Development Fund". The revenues of the fund must be distributed in the form of grants by the South Carolina Research Authority (authority) and used for the purpose of promoting the developmen…
S.C. Code § 11-46-30
Donor tax credits; schedule of state appropriations
(A) The South Carolina Hydrogen Infrastructure Development Fund may receive donations, grants, and any other funding as provided by law. A taxpayer making a contribution to the fund is allowed a tax credit provided pursuant to Section 12-6-3630. (B) The South Carolina Hydrogen Infrastructure Development Fund may receiv…
S.C. Code § 11-46-40
Annual report; contents
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…
S.C. Code § 11-46-50
State agency purchase of machinery or equipment operated by hydrogen or fuel cells
Each state agency head shall require the agency's procurement officer, or other state employee authorized to purchase equipment or machinery for the agency, to consider purchasing equipment or machinery operated by hydrogen or fuel cells, or both of them, if available and cost-effective.
S.C. Code § 11-46-60
Repayment of grant
Two percent of the gross profits derived from the sale of hydrogen and fuel cell products or services developed from a grant to a grant recipient, organized and operating as a for-profit business entity, must be annually remitted to the fund through June 30, 2012, until the full amount of the original grant has been re…
S.C. Code § 11-46-70
Designation of nonprofit affiliate to implement provisions of chapter
The authority or a nonprofit affiliate designated by the authority may implement the provisions of this chapter. A designated nonprofit affiliate shall establish a separate and distinct fund. Monies provided to the affiliate fund must be subject to the same conditions and requirements provided by law that apply to a fu…