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2017 South Carolina Code of Laws
Title 6 - Local Government - Provisions Applicable to Special Purpose Districts and Other Political Subdivisions
CHAPTER 5 - INVESTMENT OF FUNDS BY POLITICAL SUBDIVISIONS
Section 6-5-20. Delegation of investment authority.
Universal Citation: SC Code § 6-5-20 (2017)
The governing body may delegate the investment authority provided by Section 6-5-10 to the treasurer or other financial officer or any fiscal agent or corporate trustee charged with custody of the funds of the local government, who shall thereafter assume full responsibility for such investment transaction until the delegation of authority terminates or is revoked.
HISTORY: 1962 Code Section 1-68; 1967 (55) 625.
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