§ 11-9-620 — Handling of funds.

South Carolina § 11-9-620

• Jurisdiction: South Carolina
• Title 11: PUBLIC FINANCE
• Ch. 9: STATE FINANCES GENERALLY

Text

All monies arising from the redemption of lands, leases, and sales of property or otherwise coming to the authority for the Sinking Fund, must be paid into the State Treasury and kept on a separate account by the Treasurer as a fund to be drawn upon the warrants of the department for the exclusive uses and purposes which have been or shall be declared in relation to the Sinking Fund.

Legislative History

HISTORY: 1962 Code SECTION 1-792; 1952 Code SECTION 1-792; 1942 Code SECTION 2138; 1932 Code SECTION 2138; Civ. C. '22 SECTION 99; Civ. C. '12 SECTION 94; Civ. C. '02 SECTION 90; G. S. 62; R. S. 84; 1870 (14) 388; 1883 (18) 380; 1950 (46) 3605; 2014 Act No. 121 (S.22), Pt V, SECTION 7.T.1, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 7.T.1 substituted "authority" for "State Budget and Control Board", substituted "department" for "board", and made other nonsubstantive changes.