There is a newer version of the South Carolina Code of Laws
2012 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 50 - SOUTH CAROLINA RURAL INFRASTRUCTURE ACT
Section 11-50-150 - Deposit of money of authority; investment of funds.
SC Code § 11-50-150 (2012) What's This?
All money of the authority and in the Rural Infrastructure Fund, except as authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Section 11-9-660.
HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
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