South Carolina H 4467: Mental Health Month

Bill Text

2025-2026 Bill 4467 Text of Previous Version (Apr. 30, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4467

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH 
CAROLINA CODE OF LAWS BY ENACTING THE "SMALL BUSINESS CONSTRUCTION IMPACT 
RELIEF ACT" BY ADDING ARTICLE 17 TO CHAPTER 1, TITLE 13 SO AS TO ESTABLISH THE 
"SMALL BUSINESS CONSTRUCTION IMPACT RELIEF PROGRAM" CONSISTING OF LOANS 
ADMINISTERED BY THE DEPARTMENT OF COMMERCE FOR ELIGIBLE BUSINESSES AND TO 
ESTABLISH REQUIREMENTS FOR THIS PROGRAM.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. This act may be cited as the "Small Business Construction Impact Relief 
Act."

SECTION 2. Chapter 1, Title 13 of the S.C. Code is amended by 
adding:

Article 17

Small Business Construction Impact Relief

 Section 
13-1-2710. For purposes of this article:

 (1) 
"Department" means the South Carolina Department of Commerce.

 (2) 
"Eligible business" means any small business located directly on a qualified 
state road construction project that has suffered a documented financial loss 
due to the qualified construction project.

 (3) "Forgivable 
loan" means a loan that is not required to be repaid if the eligible business 
meets the requirements established in this article.

 (4) 
"Qualified construction project" means a state road project that has been 
extended by thirty-six months or more from its original expected completion 
date. "Qualified construction project" does not include a road construction 
project for a highway.

 (5) 
"Repayable loan" means a loan made to an eligible business that must be repaid 
over a period not to exceed five years. A repayable loan must be repaid with zero 
interest.

 (6) 
"Small business" means a business with no more than one-hundred full-time 
employees or meets the most recent standards established by the federal Small 
Business Administration as matched to industries described in the North 
American Industry Classification Systems, whichever is less.

 Section 
13-1-2720. (A) This article 
establishes the "Small Business Construction Impact Relief Program," also 
referred to as "program," which shall be administered by the department. This 
program shall consist of repayable and forgivable loans for a small business 
which demonstrates a loss in revenue during a qualified construction project.

 (B) 
In order to be eligible for a loan pursuant to this program, a business must:

 (1) 
be a small business that began operations no later than December 31, 2024;

 (2) 
be located directly on a road that is a qualified construction project;

 (3) 
demonstrate a loss in revenue of at least twenty-five percent:

 (a) 
during the period of the qualified construction project; or

 (b) 
if the qualified construction project exceeds the small business' available 
fiscal years, a proportionate amount of the small business' available fiscal 
years; and

 (4) 
submit a complete application that is approved by the department as meeting the 
requirements of this article.

 Section 
13-1-2730. (A) The department shall 
establish and maintain an online application portal through which small businesses 
may apply for a loan pursuant to this article. The department shall establish a 
uniform application form, which must contain the following information, at a 
minimum:

 (1) 
information regarding the business so that the department can determine if the 
business is a small business;

 (2) 
the date the business began its operations;

 (3) 
the business' physical location, the date the business opened at that location, 
and the proximity to the qualified construction project;

 (4) 
the business' federal tax returns which show the business' loss during the 
period to be reviewed and its current federal tax returns; and

 (5) 
contact information for the business, including a mailing address, electronic 
address, and phone number. The small business is responsible for providing any 
updated contact information to the department.

The department may request 
additional information from the small business if the department deems it necessary 
to make a determination regarding the business' eligibility to receive a loan. 
An application is deemed complete once the department receives all the 
information to determine if the business meets eligibility requirements in 
accordance with this article.

 (B) The 
department may request information from state agencies to verify the 
information provided in the business' application, and these agencies must provide 
the information as expeditiously as possible. The Department of Transportation shall 
verify the location and dates for the construction project for each application.

 (C)(1) The department shall coordinate 
with the South Carolina Treasurer's Office to disburse funds to elig