South Carolina Statutes
§ 11-39-50 — Deposit in interest-bearing account; disbursement.
Oil overcharge funds must be deposited by the State Treasurer in interest-bearing accounts of the State, with interest earned to be earmarked for the same purposes as the oil overcharge monies. The administering entity shall ensure that funds are drawn down and disbursed in a manner that ensures the maximum interest accruing to the State Treasurer's oil overcharge funds account.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 11-39-50 (Deposit in interest-bearing account; disbursement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 680, SECTION 5; 2005 Act No. 164, SECTION 12.
Nearby Sections
5
§ 11-39-10
Committee to review energy policy.§ 11-39-20
Allocation of funding.§ 11-39-30
Oversight responsibility.