South Carolina Statutes
§ 6-21-490 — Disposition of surplus in depreciation fund.
South Carolina § 6-21-490
JurisdictionSouth Carolina
Title 6LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS
Ch. 21REVENUE BOND ACT FOR UTILITIES
This text of South Carolina § 6-21-490 (Disposition of surplus in depreciation fund.) 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. § 6-21-490 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 6-21-490, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/21/6-21-490.