South Carolina Code 9-5-500. Appropriations for contribution fund
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There are hereby authorized to be appropriated annually to the contribution fund, to be available for the purposes of § 9-5-480 until expended, such sums as are found to be necessary in order to make the payments to the Secretary of the Treasury which the State is obligated to make pursuant to an agreement entered into under §§ 9-5-210 to 9-5-230.
The State agent shall submit to each regular session of the State legislature, at least ninety days in advance of the beginning of such session, an estimate of the amounts authorized to be appropriated to the contribution fund by this section for the next appropriation period.
Terms Used In South Carolina Code 9-5-500
- 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