South Carolina Code > Title 59 > Chapter 69 – School Funds Generally
Current as of: 2023 | Check for updates
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| Article 1 | Holding of Certain Funds |
| Article 3 | Reserve Fund |
Terms Used In South Carolina Code > Title 59 > Chapter 69 - School Funds Generally
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bequest: Property gifted by will.
- Conviction: A judgement of guilt against a criminal defendant.
- Devise: To gift property by will.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Oath: A promise to tell the truth.
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.