South Carolina Statutes
§ 11-50-150 — Deposit of money of authority; investment of funds.
All money of the authority and in the Rural Infrastructure Fund, except as 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 Section 11-9-660.
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South Carolina § 11-50-150 (Deposit of money of authority; investment of funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2010 Act No. 171, SECTION 1, eff May 26, 2010.
Nearby Sections
15
§ 11-50-10
Short title.§ 11-50-110
Exempt from taxes and assessments.§ 11-50-120
Defaults by eligible entities.§ 11-50-160
Annual reports; audit of books and accounts.§ 11-50-180
Severability provision.§ 11-50-20
Legislative findings.§ 11-50-40
Definitions.§ 11-50-55
Director of the authority.