Earnings on balances in the Rural Infrastructure Fund must be credited and invested as provided by law. Earnings must be credited to the Rural Infrastructure Fund. The authority may establish accounts and subaccounts within the Rural Infrastructure Fund as considered desirable to effectuate the purposes of this chapter, or to meet the requirements of any state or federal program. All accounts must be held in trust by the State Treasurer.
S.C. Code Ann. § 11-50-80
Earnings on balances in Rural Infrastructure Fund
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.