# S.C. Code Regs. 19-102.01: S.C. Code Regs. 19-102.01. Securing Approval of Proposal > South Carolina · Regulations · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_102_01 ## Section - **Citation:** S.C. Code Regs. 19-102.01 - **Heading:** S.C. Code Regs. 19-102.01. Securing Approval of Proposal - **Jurisdiction:** South Carolina - **Kind:** Regulations - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** South Carolina Code of Regulations / Chapter 19 STATE BUDGET AND CONTROL BOARD / S.C. Code Regs. 19-102.01 ## Text To secure approval of a proposal to issue industrial revenue bonds (Sections 4-29-10, et seq), pollution control bonds (Sections 48-3-10, et seq), or hospital revenue bonds (Sections 44-7-1410, et seq), the following must be submitted as a package to the Budget and Control Board (the Board): A. An executed original and two copies of the petition to the Board which may include a request for the allocation of a portion of the State Ceiling on the issuance of private activity bonds and the no consideration certificate required by the Internal Revenue Service in connection with such allocations. B. An executed copy of the resolution or ordinance of the governing body authorizing a petition to the Board. C. An executed copy of the inducement resolution or comparable preliminary approval of the proposed undertaking, if any. D. Audited financial statements of the entity obligated to pay the bonds covering at least three prior fiscal years except that, in any case where the bonds are to be sold privately, a representation from the person or institution purchasing the bonds that satisfactory financial information has been provided by that entity and that the bonds are being purchased for investment rather than resale purposes may be submitted in lieu of audited financial statements. Use of the Board’s Standard Form Investment Letter for that representation is urged. E. The required certifications by the Department of Health and Environmental Control must accompany petitions for the issuance of pollution control and hospital revenue bonds. F. An original and as many copies as bond counsel may need of the resolution proposed for adoption by the Board, which must include the proposed public notice, to be certified by the Board Secretary. G. A check for the processing fee in accord with the following schedule: ironmental Control must accompany petitions for the issuance of pollution control and hospital revenue bonds. F. An original and as many copies as bond counsel may need of the resolution proposed for adoption by the Board, which must include the proposed public notice, to be certified by the Board Secretary. G. A check for the processing fee in accord with the following schedule: If a request is only for an allocation of a portion of the State Ceiling on the issuance of private activity bonds, only the documents described in A and C, above, are required. ## Nearby sections - [S.C. Code Regs. 19-101 S.C. Code Regs. 19-101. Travel Regulations for State Employees; Policy](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101.md) - [S.C. Code Regs. 19-101.02 S.C. Code Regs. 19-101.02. Economical Considerations](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_02.md) - [S.C. Code Regs. 19-101.03 S.C. Code Regs. 19-101.03. Air Travel](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_03.md) - [S.C. Code Regs. 19-101.04 S.C. Code Regs. 19-101.04. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_04.md) - [S.C. Code Regs. 19-101.06 S.C. Code Regs. 19-101.06. Mileage Between Employee’s Home and Place of Employment](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_06.md) - [S.C. Code Regs. 19-101.07 S.C. Code Regs. 19-101.07. Travel and Subsistence Limitations](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_07.md) - [S.C. Code Regs. 19-101.09 S.C. Code Regs. 19-101.09. Parking Fees; Fines for Motor Vehicle Violation](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_09.md) - [S.C. Code Regs. 19-101.10 S.C. Code Regs. 19-101.10. Mileage for Use of Privately Owned Vehicle](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_10.md) - [S.C. Code Regs. 19-101.13 S.C. Code Regs. 19-101.13. Receipts for Expenditures](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_13.md) - [S.C. Code Regs. 19-101.17 S.C. Code Regs. 19-101.17. Foreign Travel](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_101_17.md) - [S.C. Code Regs. 19-102.01 S.C. Code Regs. 19-102.01. Securing Approval of Proposal](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_102_01.md) - [S.C. Code Regs. 19-102.04 S.C. Code Regs. 19-102.04. Notice of Approval](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_102_04.md) - [S.C. Code Regs. 19-102.05 S.C. Code Regs. 19-102.05. Publication of Public Notice of Approval](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_102_05.md) - [S.C. Code Regs. 19-103 S.C. Code Regs. 19-103. Regulations on Allocation of State Ceiling on Issuance of Private Activity Bonds](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_103.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_19_102_01. Check the current official text before relying on it. Not legal advice.