South Carolina Statutes
§ 27-32-200 — Vacation Time Sharing Recovery Fund.
(A)There is created a special fund known as the " Vacation Time Sharing Recovery Fund", which must be maintained by the commission and funded as provided for the payment of claims to persons injured by the acts of persons registered or licensed pursuant to this chapter.
(B)The funds must be held and accumulated from year to year in the State Treasury in a special fund for the commission, designated as the "South Carolina Vacation Time Sharing Recovery Fund". The fund is a continuing fund not subject to fiscal year limitations, and is under the administrative direction of the commission. Expenditures from this fund must be made in accordance with the provisions of this chapter without legislative appropriation. Warrants for expenditures from the fund must be drawn by the Comptroller Gener
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 27-32-200 (Vacation Time Sharing Recovery Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1981 Act No. 106, SECTION 5; 1994 Act No. 385, SECTION 50; 2003 Act No. 84, SECTION 1.
Nearby Sections
15
§ 27-32-10
Definitions.§ 27-32-100
Public offering statements; contents.§ 27-32-110
Prohibited practices.§ 27-32-140
Materials required to be filed with plans concerning facilities not substantially completed.§ 27-32-200
Vacation Time Sharing Recovery Fund.§ 27-32-210
Recovery from fund; conditions.