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2014 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 1 - GENERAL PROVISIONS
SECTION 11-1-20. Interest on deposits of public funds.

SC Code § 11-1-20 (2014) What's This?

All state, county, and municipal officers depositing funds that accrue interest in a bank or other depository shall account to the respective governing body for all interest collected upon these deposits.

A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years.

HISTORY: 1962 Code Section 1-52; 1952 Code Section 1-52; 1942 Code Section 1577; 1932 Code Section 1577; Cr. C. '22 Section 530; 1915 (29) 56; 1993 Act No. 184, Section 151.

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