South Carolina Statutes
§ 11-1-20 — Interest on deposits of public funds.
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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South Carolina § 11-1-20 (Interest on deposits of public funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Covenant required.