South Carolina Statutes
§ 11-1-20 — Interest on deposits of public funds.
South Carolina § 11-1-20
This text of South Carolina § 11-1-20 (Interest on deposits of public funds.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 11-1-20 (2026).
Text
All state, county, and municipal officers depositing funds that accrue interest in a bank or other depository shall account to the respective governing body for all interest collected upon these deposits. A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years.
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Legislative History
HISTORY: 1962 Code SECTION 1-52; 1952 Code SECTION 1-52; 1942 Code SECTION 1577; 1932 Code SECTION 1577; Cr. C. '22 SECTION 530; 1915 (29) 56; 1993 Act No. 184, SECTION 151.
Nearby Sections
14
§ 11-1-50
Protection of deposits of public funds and trust funds by Federal deposit insurance; other security.§ 11-1-60
Investment of public funds in savings and loan associations and building and loan associations.§ 11-1-80
Restrictions on issuance of state capital improvement bonds for beach renourishment projects.§ 11-1-85
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Bluebook (online)
South Carolina § 11-1-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/11-1-20.