South Carolina Statutes
§ 59-121-420 — Delivery of bond proceeds to State Treasurer; maintenance in 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 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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South Carolina § 59-121-420 (Delivery of bond proceeds to State Treasurer; maintenance in special funds; withdrawals; temporary investments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 356, SECTION 2(B).
Nearby Sections
15
§ 59-121-10
Board of visitors; composition.§ 59-121-20
Terms of board members.§ 59-121-30
Election of board members; age limit.§ 59-121-310
Purpose.§ 59-121-320
Definitions.§ 59-121-330
Visitors authorized to acquire, construct, renovate, and equip athletic facilities; bond management costs.§ 59-121-380
Tax exempt status.§ 59-121-390
Fiduciaries as authorized investors.