All money of the authority and in the Rural Infrastructure Fund, except as authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Section 11-9-660.
S.C. Code Ann. § 11-50-150
Deposit of money of authority; investment of funds
Known as the South Carolina Rural Infrastructure Act
The act spans §§ 11–11 (20 sections).
2010 Act No. 171, SECTION 1, eff May 26, 2010.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.