South Carolina § 59-121-420 Delivery of bond proceeds to State Treasurer; maintenance in special funds; withdrawals; temporary investments.

South Carolina Statutes

§ 59-121-420 — Delivery of bond proceeds to State Treasurer; maintenance in special funds; withdrawals; temporary investments.

South Carolina § 59-121-420

Title 59EDUCATION

Ch. 121THE CITADEL, THE MILITARY UNIVERSITY OF SOUTH CAROLINA

This text of South Carolina § 59-121-420 (Delivery of bond proceeds to State Treasurer; maintenance in special funds; withdrawals; temporary investments.) 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. § 59-121-420 (2026).

Text

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 Citadel 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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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 Citadel 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.