2015 South Carolina Code of Laws
Title 11 - Public Finance
CHAPTER 11 - STATE BUDGET SYSTEM
Section 11-11-340. State Institution Bonds and State Highway Bonds Debt Service Fund; credit of funds.
There is established in the State Treasury the State Institution Bonds and State Highway Bonds Debt Service Fund which must be maintained separately from the general fund and other funds. Annually there must be credited to this account amounts sufficient for debt service payments on state institution bonds and state highway bonds. Amounts credited to this fund are not considered state general fund revenues.
HISTORY: 1998 Act No. 419, Part II, Section 36.
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