If any surplus shall be accumulated in the depreciation fund over and above that which the governing body shall find may be necessary therein during the then present calendar, operating or fiscal year and the next ensuing calendar, operating or fiscal year, any such excess may be transferred to the contingent fund or the bond and interest redemption fund.
S.C. Code Ann. § 6-21-490
Disposition of surplus in depreciation fund
1962 Code SECTION 59-407; 1952 Code SECTION 59-407; 1942 Code SECTION 9268; 1933 (38) 411.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.