South Carolina Statutes
§ 11-35-4870 — Use of payments received by a supplying public procurement unit.
All payments from any public procurement unit or external procurement activity received by the Division of Procurement Services in connection with sponsoring or administering a cooperative purchase, must be deposited in the State Treasury in a special account and expended only for the costs of providing the goods and services, and such funds may be retained and expended for the same purposes.
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South Carolina § 11-35-4870 (Use of payments received by a supplying public procurement unit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1981 Act No. 148, SECTION 1; 1997 Act No. 153, SECTION 1; 2019 Act No. 41 (S.530), SECTION 70, eff May 13, 2019. Editor's Note 2019 Act No. 41, SECTION 80, provides as follows: "SECTION 80. This act takes effect upon approval by the Governor and applies to solicitations issued after that date." Effect of Amendment 2019 Act No. 41, SECTION 70, rewrote the section, providing that certain payments must be deposited in a special revenue account.
Nearby Sections
15
§ 11-35-10
Citation.§ 11-35-1010
Relationship with using agencies.§ 11-35-1020
Advisory groups.§ 11-35-1030
Procurement training and certification.§ 11-35-1210
Certification.§ 11-35-1230
Auditing and fiscal reporting.§ 11-35-1240
Administrative penalties.§ 11-35-1250
Authority to contract for auditing services.§ 11-35-1260
Authority to contract for legal services.§ 11-35-1410
Definitions of terms used in this article.§ 11-35-1510
Methods of source selection.§ 11-35-1520
Competitive sealed bidding.§ 11-35-1524
Resident vendor preference.§ 11-35-1525
Competitive fixed price bidding.