It is lawful for all executors, administrators, guardians, and other fiduciaries and all sinking fund commissions, including the State Fiscal Accountability Authority and Public Employee Benefit Authority in their capacities as cotrustees of the funds of the South Carolina Retirement System and as manager and administrator of other state sinking funds, to invest any monies in their hands in turnpike bonds.
S.C. Code Ann. § 57-5-1480
Lawful for fiduciaries and sinking fund commissions to invest in turnpike bonds
1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84D.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.