South Carolina Code 11-50-80. Earnings on balances in Rural Infrastructure Fund
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 11-50-80
- Authority: means the South Carolina Rural Infrastructure Authority. See South Carolina Code 11-50-40
Earnings on balances in the Rural Infrastructure Fund must be credited and invested as provided by law. Earnings must be credited to the Rural Infrastructure Fund. The authority may establish accounts and subaccounts within the Rural Infrastructure Fund as considered desirable to effectuate the purposes of this chapter, or to meet the requirements of any state or federal program. All accounts must be held in trust by the State Treasurer.