South Carolina Code 54-7-850. Retention and use of license fees
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Terms Used In South Carolina Code 54-7-850
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Institute: means the South Carolina Institute of Archaeology and Anthropology. See South Carolina Code 54-7-620
All license fees received by the institute pursuant to this article may be retained without regard to the fiscal year of receipt and must be used only to implement this article.