There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 1 - Administration of the Government
Chapter 11 - STATE BUDGET AND CONTROL BOARD
Section 1-11-580 - Budget and Control Board to make quarterly payments on certain insurance contracts.
SC Code § 1-11-580 (2012) What's This?
The Budget and Control Board shall make quarterly payments on insurance contracts where the annual premium exceeds fifty thousand dollars. The board shall undertake necessary negotiations to implement this requirement. Where fees may be incurred for quarterly rather than annual payments, the Budget and Control Board shall determine whether the investment income opportunity is greater or less than proposed fees and shall make the decision which best benefits South Carolina.
HISTORY: 1995 Act No. 145, Part II, Section 20.
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