South Carolina Code 11-18-70. Purpose of chapter; board policies and procedures
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(A) The purpose of this chapter is to ensure that the state’s allocations of ARRA Bonds and Other Federal Bonds are used. To that end, the board is authorized and directed to make such exceptions and waivers or extend or shorten time requirements as it deems most likely to effect the purposes hereof. The board is encouraged to avoid the development of rigid procedures and formalities in the determination of waived allocations or reallocations. The board is directed to focus on the probability of the Local Governments’ using the Volume Cap for ARRA Bonds prior to January 1, 2011.
(B) The board may adopt any further policies and procedures it considers necessary for the equitable and effective administration of this chapter.
Terms Used In South Carolina Code 11-18-70
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts