South Carolina Statutes
§ 11-43-210 — Failure of governmental unit to remit amounts due; withholding of funds.
(A)If a government unit fails to collect and remit in full all amounts due to the bank on the date these amounts are due under the terms of any note or other obligation of the government unit, the bank shall notify the State Treasurer who, subject to the withholding of amounts under Section 14, Article X of the Constitution, shall withhold all or a portion of the funds of the State and all funds administered by the State, its agencies, boards, and instrumentalities allotted or appropriated to the government unit and apply an amount necessary to the payment of the amount due.
(B)Nothing contained in this section mandates the withholding of funds allocated to a government unit or private entity which would violate contracts to which the State is a party, the requirements of federal law imp
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South Carolina § 11-43-210 (Failure of governmental unit to remit amounts due; withholding of funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 148, SECTION 2.
Nearby Sections
15
§ 11-43-110
Short title.§ 11-43-130
Definitions.§ 11-43-150
Powers of bank; limitations.§ 11-43-165
Repealed.§ 11-43-200
Exemption from taxes or assessments.§ 11-43-220
Liability.