South Carolina § 11-40-230 Deposit of money of authority; investment of funds.

South Carolina Statutes

§ 11-40-230 — Deposit of money of authority; investment of funds.

South Carolina § 11-40-230

Title 11PUBLIC FINANCE

Ch. 40SOUTH CAROLINA INFRASTRUCTURE FACILITIES AUTHORITY ACT

This text of South Carolina § 11-40-230 (Deposit of money of authority; investment of funds.) 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. § 11-40-230 (2026).

Text

All money of the authority, except as otherwise authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Chapter 5 of Title 6, Section 11-9-660, and Section 11-9-661.

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All money of the authority, except as otherwise authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Chapter 5 of Title 6, Section 11-9-660, and Section 11-9-661.