South Carolina § 13-1-1480 Division to hold title to assets and account for revenues; funds to be held in separate accounts.

South Carolina Statutes

§ 13-1-1480 — Division to hold title to assets and account for revenues; funds to be held in separate accounts.

South Carolina § 13-1-1480

Title 13PLANNING, RESEARCH AND DEVELOPMENT

Ch. 1GENERAL PROVISIONS

This text of South Carolina § 13-1-1480 (Division to hold title to assets and account for revenues; funds to be held in separate accounts.) 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. § 13-1-1480 (2026).

Text

In accordance with the requirements of Title 49, United States Code, Section 10102(17), and other provisions of federal laws governing the operation of common carrier railroads, unless such requirements or any part of them are waived by the Interstate Commerce Commission pursuant to Section 10505 of the Interstate Commerce Act (49 U.S. Code Section 10505), the division shall hold title to, disburse and account for assets and revenues received by it from whatever source. All such funds shall be on deposit with and maintained in separate accounts by the State Treasurer.

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In accordance with the requirements of Title 49, United States Code, Section 10102(17), and other provisions of federal laws governing the operation of common carrier railroads, unless such requirements or any part of them are waived by the Interstate Commerce Commission pursuant to Section 10505 of the Interstate Commerce Act (49 U.S. Code Section 10505), the division shall hold title to, disburse and account for assets and revenues received by it from whatever source. All such funds shall be on deposit with and maintained in separate accounts by the State Treasurer.

Legislative History

HISTORY: 1993 Act No. 181, SECTION 247, eff July 1, 1993. ARTICLE 11 Coordinating Council for Economic Development SECTION 13-1-1710. Coordinating Council for Economic Development. There is created the Coordinating Council for Economic Development. The membership consists of the Secretary of Commerce, the Commissioner of Agriculture, the Executive Director of the Department of Employment and Workforce, the Director of the South Carolina Department of Parks, Recreation and Tourism, the Chairman of the State Board for Technical and Comprehensive Education, the Chairman of the South Carolina Ports Authority, the Chairman of the South Carolina Public Service Authority, the Chairman of the South Carolina Jobs Economic Development Authority, the Director of the South Carolina Department of Revenue, the Secretary of the Department of Transportation, and the Chairman of the South Carolina Research Authority. The Secretary of Commerce serves as the chairman of the coordinating council. HISTORY: 1993 Act No. 181, SECTION 248, eff July 1, 1993; 1994 Act No. 361, SECTION 8, eff May 3, 1994; 2000 Act No. 387, Part II, SECTION 57A, eff July 1, 2000; 2010 Act No. 206, SECTION 8, eff June 7, 2010; 2010 Act No. 290, SECTION 32, eff January 1, 2011. Code Commissioner's Note In 2017, to correct a scrivener's error, the Code Commissioner corrected the text of this section to reflect the membership of the Secretary of the Department of Transportation on the Coordinating Council for Economic Development, as added by 2010 Act No. 206.