South Carolina Statutes
§ 11-39-50 — Deposit in interest-bearing account; disbursement.
South Carolina § 11-39-50
This text of South Carolina § 11-39-50 (Deposit in interest-bearing account; disbursement.) 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. § 11-39-50 (2026).
Text
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.
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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 11-39-50, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/39/11-39-50.