S.C. Code Regs. § § 61-31.5.503

Current through Register Vol. 48, 12, December 27, 2024

Section 61-31.5.503 - Revocation of Certificate of Public Advantage:

The Department may revoke a certificate upon a finding that:

(A) the parties to the agreement are not complying with its terms or the conditions of approval as stated in the Certificate of Public Advantage, or the agreement is not in substantial compliance with the terms of the application or conditions of approval; or

(B) the likely benefits resulting from the certified agreement no longer outweigh any disadvantages attributable to any potential reduction in competition resulting from the agreement; or

(C) the Department's certification was obtained as a result of intentional material misrepresentation to the Department or as the result of coercion, threats, or intimidation toward any party to the cooperative agreement; or

(D) failure to pay the annual monitoring fee.

S.C. Code Regs. § 61-31.5.503