All payments from any public procurement unit or external procurement activity received by the Division of Procurement Services in connection with sponsoring or administering a cooperative purchase, must be deposited in the State Treasury in a special account and expended only for the costs of providing the goods and services, and such funds may be retained and expended for the same purposes.
S.C. Code Ann. § 11-35-4870
Use of payments received by a supplying public procurement unit
Known as the South Carolina Consolidated Procurement Code
The act spans §§ 11-35-10 to 11-35-845 (143 sections).
1981 Act No. 148, SECTION 1; 1997 Act No. 153, SECTION 1; 2019 Act No. 41 (S.530), SECTION 70, eff May 13, 2019.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.