As part of the approval process relating to trades of state property for nonstate property, the Department of Administration is authorized to approve the application of any net proceeds resulting from such a transaction to the improvement of the property held by the department.
S.C. Code Ann. § 10-1-190
Department of Administration may apply net proceeds from trade of property to the improvement of property
1995 Act No. 145, Part II, SECTION 12; 2014 Act No. 121 (S.22), Pt V, SECTION 7.L, eff July 1, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.