South Carolina § 10-7-150 Renewals.

South Carolina Statutes

§ 10-7-150 — Renewals.

South Carolina § 10-7-150

Title 10PUBLIC BUILDINGS AND PROPERTY

Ch. 7INSURANCE ON PUBLIC BUILDINGS AND PROPERTY

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Bluebook

S.C. Code Ann. § 10-7-150 (2026).

Text

The State Fiscal Accountability Authority shall notify the officers, officials or trustees having the care and custody of the buildings insured under the provisions of this chapter, in writing, in advance of the expiration of policies of insurance on such buildings, and the officers, officials or trustees so served with written notice shall immediately make application to the authority for the renewal of such insurance and shall forward, with their application, the amount of premium due the authority on the insurance applied for; provided, that if no funds are available with which to pay the premium at the time application is made, the officer, official or trustee making the application shall so state and the amount, with interest, shall be paid by him out of the first funds available, as 

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The State Fiscal Accountability Authority shall notify the officers, officials or trustees having the care and custody of the buildings insured under the provisions of this chapter, in writing, in advance of the expiration of policies of insurance on such buildings, and the officers, officials or trustees so served with written notice shall immediately make application to the authority for the renewal of such insurance and shall forward, with their application, the amount of premium due the authority on the insurance applied for; provided, that if no funds are available with which to pay the premium at the time application is made, the officer, official or trustee making the application shall so state and the amount, with interest, shall be paid by him out of the first funds available, as provided in SECTION 10-7-100.

Legislative History

HISTORY: 1962 Code SECTION 1-444; 1952 Code SECTION 1-444; 1942 Code SECTION 2188; 1936 (39) 1668; 1950 (46) 3605. Code Commissioner's Note At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.