South Carolina Statutes
§ 51-13-765 — Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.
South Carolina·Title 51 PARKS, RECREATION, AND TOURISM·Ch. 13 REGIONAL DISTRICTS, COMMISSIONS, AND AUTHORITIES
(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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South Carolina § 51-13-765 (Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 387, Part II, SECTION 18A, eff July 1, 2000.
Nearby Sections
15
§ 51-13-1120
Duties of commission.§ 51-13-1130
Commission meetings; officers.§ 51-13-1610
Creation of commission; membership; vacancies.§ 51-13-1620
Meetings; officers.§ 51-13-1630
Powers and duties; bylaws.§ 51-13-1710
Historic district created; composition.§ 51-13-1720
Board of regents; composition; terms; vacancies.§ 51-13-1740
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