The board may accumulate the investment income of the fund and may direct expenditures from the income of the fund for the purposes set out in Section 50-3-740(3).
S.C. Code Ann. § 50-3-750
Authority of board to accumulate income and direct expenditures from income
1989 Act No. 101, SECTION 1; 1993 Act No. 181, SECTION 1258.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.