South Carolina § 11-49-100 Accounts to be maintained separately; annual report.

South Carolina Statutes

§ 11-49-100 — Accounts to be maintained separately; annual report.

South Carolina § 11-49-100

Title 11PUBLIC FINANCE

Ch. 49TOBACCO SETTLEMENT REVENUE MANAGEMENT AUTHORITY ACT

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Bluebook

S.C. Code Ann. § 11-49-100 (2026).

Text

All accounts of the authority must be held and maintained separately from all other funds, properties, assets, and accounts of this State and its other agencies. The board shall keep an accurate account of all of its activities and all of its receipts and expenditures and annually, in the month of January, shall make a report of its activities to the State Budget and Control Board, the report to be in a form prescribed by the State Budget and Control Board. Audited financial statements must be submitted to the Comptroller General by October fifteenth following the end of the fiscal year.

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All accounts of the authority must be held and maintained separately from all other funds, properties, assets, and accounts of this State and its other agencies. The board shall keep an accurate account of all of its activities and all of its receipts and expenditures and annually, in the month of January, shall make a report of its activities to the State Budget and Control Board, the report to be in a form prescribed by the State Budget and Control Board. Audited financial statements must be submitted to the Comptroller General by October fifteenth following the end of the fiscal year.

Legislative History

HISTORY: 2000 Act No. 387, Part II, SECTION 69A.2; 2005 Act No. 164, SECTION 13. Code Commissioner's Note At the direction of the Code Commissioner, reference in this section to the former Budget and Control Board has not been changed pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), until further action by the General Assembly. SECTION 11-49-110. [Reserved]