South Carolina Code 59-133-320. Delivery of proceeds to State Treasurer; withdrawals from fund
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 59-133-320
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. See South Carolina Code 59-133-220
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.