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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 44-20-1170: Special funds; disposition of revenues; withdrawal of funds.

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Where this section sits in the code
  1. Title 44 - HEALTH
  2. CHAPTER 20 South Carolina Intellectual Disability, Related Disabilities, Head Injuries, and Spinal Cord Injuries Act
  3. ARTICLE 7 Capital Improvements for Disabilities and Special Needs

(A) Following the execution and delivery of its obligations, the Department of Behavioral Health and Developmental Disabilities shall remit to the State Treasurer all its revenues, including accumulated revenues not applicable to prior obligations, for credit to a special fund. The special fund must be applied to meet the sums due by the Department of Behavioral Health and Developmental Disabilities under its obligations. These monies from the special fund must be applied by the State Treasurer to the payment of the principal of and interest on outstanding state capital improvement bonds.

(B) If the accumulation of revenues of the Department of Behavioral Health and Developmental Disabilities in the special fund exceeds the payment due or to become due during the then current fiscal year and an additional sum equal to the maximum annual debt service requirement of the obligations for a succeeding fiscal year, the State Fiscal Accountability Authority or the Department of Administration, as applicable, may permit the Department of Behavioral Health and Developmental Disabilities to withdraw the excess and apply it to improvements that have received the approval of the authority or the Department of Administration, as applicable, or to transfer the excess out of the special fund for contract awards to local disabilities and special needs boards for needed improvements at the local level and for nonrecurring prevention, assistive technology, and quality initiatives at the regional centers and local boards.

Collected 2026-09-02T07:31:14Z. Source file · JSON

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