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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 43 - South Carolina Transportation Infrastructure Bank Act
Section 11-43-240. Deposit and investments.
Universal Citation: SC Code § 11-43-240 (2021)
All money of the bank, except as authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the bank 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. All federal funds must be invested as required by applicable federal law.
HISTORY: 1997 Act No. 148, Section 2.
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