South Carolina Statutes
§ 6-21-490 — Disposition of surplus in depreciation fund.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 21 REVENUE BOND ACT FOR UTILITIES
If any surplus shall be accumulated in the depreciation fund over and above that which the governing body shall find may be necessary therein during the then present calendar, operating or fiscal year and the next ensuing calendar, operating or fiscal year, any such excess may be transferred to the contingent fund or the bond and interest redemption fund.
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South Carolina § 6-21-490 (Disposition of surplus in depreciation fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 59-407; 1952 Code SECTION 59-407; 1942 Code SECTION 9268; 1933 (38) 411.
Nearby Sections
15
§ 6-21-10
"Borrower" defined.§ 6-21-110
Condemnation of property.§ 6-21-130
Option or contract of purchase.§ 6-21-140
Estimate of cost of system.§ 6-21-180
Acceptance of Federal loans and grants.§ 6-21-185
Special purpose districts providing hospital, nursing home, or care facilities; mortgages.§ 6-21-190
Bond issues authorized.§ 6-21-20
"Governing body" defined.