South Carolina § 59-69-110 Authorization for creation of reserve fund to place schools on cash basis.

South Carolina Statutes

§ 59-69-110 — Authorization for creation of reserve fund to place schools on cash basis.

South Carolina § 59-69-110

Title 59EDUCATION

Ch. 69SCHOOL FUNDS GENERALLY

This text of South Carolina § 59-69-110 (Authorization for creation of reserve fund to place schools on cash basis.) 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. § 59-69-110 (2026).

Text

In any county in this State in which the schools have not funds sufficient to pay all claims in cash the county board of education may, at its discretion, direct the county superintendent of education to set aside from the school funds of the county, or any of the school districts, an amount annually not in excess of ten per cent of such funds, for so many years as may be necessary to create a sufficient fund to put the schools of such county or any of the school districts on a cash basis.

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In any county in this State in which the schools have not funds sufficient to pay all claims in cash the county board of education may, at its discretion, direct the county superintendent of education to set aside from the school funds of the county, or any of the school districts, an amount annually not in excess of ten per cent of such funds, for so many years as may be necessary to create a sufficient fund to put the schools of such county or any of the school districts on a cash basis.

Legislative History

HISTORY: 1962 Code SECTION 21-941; 1952 Code SECTION 21-941; 1942 Code SECTION 5372; 1932 Code SECTION 5428; Civ. C. '22 SECTION 2693; Civ. C. '12 SECTION 1807; 1902 (24) 1019; 1931 (37) 364.