South Carolina Statutes
§ 59-119-1020 — Bond proceeds; special funds; withdrawals; temporary investments.
The proceeds of all bonds must be delivered to the State Treasurer or its corporate trust designee and retained in a special fund or funds and applied solely to the purposes for which such bonds have been issued. Withdrawals from the fund must be made on the order or requisition of the university and must be in such form as the State Treasurer shall prescribe. The State Treasurer may make temporary investments of funds derived from the proceeds of bonds in the manner prescribed by law.
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South Carolina § 59-119-1020 (Bond proceeds; special funds; withdrawals; temporary investments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 144, SECTION 1.
Nearby Sections
15
§ 59-119-1000
Execution of bonds and coupons; authentication; bonds registerable as to principal and interest; changes.§ 59-119-1050
Effectiveness of authorizations.§ 59-119-140
Annual report by board.