South Carolina § 51-13-765 Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.

South Carolina Statutes

§ 51-13-765 — Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.

South Carolina § 51-13-765

Title 51PARKS, RECREATION, AND TOURISM

Ch. 13REGIONAL DISTRICTS, COMMISSIONS, AND AUTHORITIES

This text of South Carolina § 51-13-765 (Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.) 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. § 51-13-765 (2026).

Text

(A)The Patriot's Point Development Authority may maintain special accounts controlled by the authority and made up of funds received by the authority. The authority may retain and carry over these funds it has on account from fiscal year to fiscal year. The receipt and expenditure of funds in these accounts must be reported in an annual fiscal audit of the authority.

(B)All earnings and interest accrued on accounts held by the authority must be retained and expended by the authority to carry out its purpose and mission.

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(A) The Patriot's Point Development Authority may maintain special accounts controlled by the authority and made up of funds received by the authority. The authority may retain and carry over these funds it has on account from fiscal year to fiscal year. The receipt and expenditure of funds in these accounts must be reported in an annual fiscal audit of the authority. (B) All earnings and interest accrued on accounts held by the authority must be retained and expended by the authority to carry out its purpose and mission.