South Carolina § 56-11-500 Use of revenue funds from tax, penalties, and interest; State Highway Fund.

South Carolina Statutes

§ 56-11-500 — Use of revenue funds from tax, penalties, and interest; State Highway Fund.

South Carolina·Title 56 MOTOR VEHICLES·Ch. 11 ROAD TAX ON MOTOR CARRIERS

As to revenue collected under this chapter or other road taxes on motor carriers, the Department of Motor Vehicles must withhold from the State Highway Fund monies not to exceed the actual or projected costs associated with administering and enforcing the provisions of this chapter. The State Treasurer and the Comptroller General shall establish accounts as necessary to facilitate the efficient and effective operation of this chapter and deposit from the State Highway Fund initial monies as may be necessary to operate this program. All remaining taxes and penalties and interest collected by the department pursuant to the provisions of this chapter must be deposited in the State Highway Fund.

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As to revenue collected under this chapter or other road taxes on motor carriers, the Department of Motor Vehicles must withhold from the State Highway Fund monies not to exceed the actual or projected costs associated with administering and enforcing the provisions of this chapter. The State Treasurer and the Comptroller General shall establish accounts as necessary to facilitate the efficient and effective operation of this chapter and deposit from the State Highway Fund initial monies as may be necessary to operate this program. All remaining taxes and penalties and interest collected by the department pursuant to the provisions of this chapter must be deposited in the State Highway Fund.

South Carolina § 56-11-500 (Use of revenue funds from tax, penalties, and interest; State Highway Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.