South Carolina Code 59-67-720. Payment of premiums
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Terms Used In South Carolina Code 59-67-720
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
The premiums on all insurance contracts procured under the authority of § 59-67-710 shall be paid out of the annual appropriation for transportation operated by the State Board of Education. Such premiums shall be considered a part of the general expenses of operating school bus transportation.