S.C. Code Ann. § 51-13-765: Maintenance of special accounts; fiscal reports; retention and use of earnings and interest.
Where this section sits in the code
- Title 51 - PARKS, RECREATION, AND TOURISM
- CHAPTER 13 Regional Districts, Commissions, and Authorities
- ARTICLE 11 Patriot's Point Development Authority
(A) The Patriot's Point Development Authority may maintain special accounts controlled by the authority and made up of funds received by the authority. The authority may retain and carry over these funds it has on account from fiscal year to fiscal year. The receipt and expenditure of funds in these accounts must be reported in an annual fiscal audit of the authority.
(B) All earnings and interest accrued on accounts held by the authority must be retained and expended by the authority to carry out its purpose and mission.
Collected 2026-09-02T07:49:04Z. Source file · JSON