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2020 South Carolina Code of Laws
Title 59 - Education
Chapter 133 - Francis Marion University
Section 59-133-320. Delivery of proceeds to State Treasurer; withdrawals from fund.
Universal Citation: SC Code § 59-133-320 (2020)
The proceeds of all bonds must be delivered to the State Treasurer or its corporate trust designee and retained in a special fund or funds and applied solely to the purposes for which such bonds have been issued. Withdrawals from the fund must be made on the order or requisition of the university and must be in such form as the State Treasurer shall prescribe. The State Treasurer may make temporary investments of funds derived from the proceeds of bonds in the manner prescribed by law.
HISTORY: 2008 Act No. 355, Section 8, eff June 25, 2008.
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