South Carolina Statutes
§ 63-11-950 — Disbursement of funds.
South Carolina § 63-11-950
This text of South Carolina § 63-11-950 (Disbursement of 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. § 63-11-950 (2026).
Text
(A)The amount deposited in the trust fund from contributions plus all earnings from the investment of monies of the trust fund credited during the previous fiscal year, after allowances for operating expenses, is available for disbursement upon the authorization of the board of directors.
(B)A quorum of the board members is necessary to authorize the disbursement of funds.
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Legislative History
HISTORY: 2008 Act No. 361, SECTION 2; 2008 Act No. 273, SECTION 1.
Nearby Sections
15
§ 63-11-1310
Purpose.§ 63-11-1320
Clients.§ 63-11-1330
Duties.§ 63-11-1350
Confidentiality.§ 63-11-1360
Annual report.§ 63-11-1510
System established.§ 63-11-1520
State agency responsibilities.§ 63-11-1530
Services Fund.§ 63-11-1720
Board of trustees; composition; oversight.§ 63-11-1725
Advisory council.§ 63-11-1726
Data-sharing initiatives.§ 63-11-1730
Board of trustees; promulgation of comprehensive long-term initiative; regulations; policies.§ 63-11-1735
Repealed.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 63-11-950, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/11/63-11-950.