South Carolina Statutes
§ 59-53-162 — Proceeds of bonds.
South Carolina § 59-53-162
This text of South Carolina § 59-53-162 (Proceeds of bonds.) 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. § 59-53-162 (2026).
Text
The proceeds of all bonds shall be delivered to the State Treasurer and retained by him in a special fund or funds and applied solely to the purposes for which the bonds shall have been issued. Withdrawals from the fund shall be made on the order or requisition of the board and shall be in such form as the State Treasurer shall prescribe. The State Treasurer may make temporary investments of funds derived from the proceeds of bonds in the manner prescribed by law.
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Legislative History
HISTORY: 1978 Act No. 646, SECTION 5; 1980 Act No. 517 Part IV, SECTION 4.
Nearby Sections
15
§ 59-53-1010
Creation of commission; membership; officers.§ 59-53-1030
Powers of Commission.§ 59-53-1040
Accounts of commission; audits.§ 59-53-1050
Reports.§ 59-53-1060
Apportionment of expenses.§ 59-53-1120
Powers and duties; name of institution.§ 59-53-1140
Submission of annual budget.§ 59-53-1210
Creation of district; commission.§ 59-53-1220
Membership of Commission; officers.§ 59-53-1230
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Bluebook (online)
South Carolina § 59-53-162, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/53/59-53-162.