South Carolina § 16-3-1330 Insufficient funds for payment of claims.

South Carolina Statutes

§ 16-3-1330 — Insufficient funds for payment of claims.

South Carolina § 16-3-1330

Title 16CRIMES AND OFFENSES

Ch. 3OFFENSES AGAINST THE PERSON

This text of South Carolina § 16-3-1330 (Insufficient funds for payment of claims.) 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. § 16-3-1330 (2026).

Text

(A)When the director determines that projected revenue in any fiscal year will be insufficient to pay projected claims or awards in the amounts provided pursuant to the provisions of this article, he shall reduce the amount of all claims or awards by an amount equal to the ratio of projected revenue to the total projected claims or awards cost. When these reductions are required, the director shall inform the public through the media of the reductions as promptly as possible. The reductions apply to all claims or awards not paid as of the effective date of the reductions order.

(B)Any award is specifically not a claim against the State if it cannot be paid due to a lack of funds in the Victim Compensation Fund.

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(A) When the director determines that projected revenue in any fiscal year will be insufficient to pay projected claims or awards in the amounts provided pursuant to the provisions of this article, he shall reduce the amount of all claims or awards by an amount equal to the ratio of projected revenue to the total projected claims or awards cost. When these reductions are required, the director shall inform the public through the media of the reductions as promptly as possible. The reductions apply to all claims or awards not paid as of the effective date of the reductions order. (B) Any award is specifically not a claim against the State if it cannot be paid due to a lack of funds in the Victim Compensation Fund.

Legislative History

HISTORY: 1982 Act No. 455, SECTION 2; 1984 Act No. 489, SECTION 1; 1988 Act No. 367, SECTION 1; 2017 Act No. 96 (S.289), SECTION 5.M, eff July 1, 2017. Effect of Amendment 2017 Act No. 96, Pt. II, SECTION 5.M, inserted the paragraph identifiers; in (A), substituted "pursuant to the provisions of this article" for "herein"; and, in (B), deleted "hereunder" following "Any award", and substituted "Victim Compensation Fund" for "Victim's Compensation Fund".