All monies arising from the redemption of lands, leases, and sales of property or otherwise coming to the authority for the Sinking Fund, must be paid into the State Treasury and kept on a separate account by the Treasurer as a fund to be drawn upon the warrants of the department for the exclusive uses and purposes which have been or shall be declared in relation to the Sinking Fund.
S.C. Code Ann. § 11-9-620
Handling of funds
1962 Code SECTION 1-792; 1952 Code SECTION 1-792; 1942 Code SECTION 2138; 1932 Code SECTION 2138; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.