{"data":{"id":"us-sc/s.c.-code-ann.-6-5-20","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 6-5-20","heading":"Delegation of investment authority.","body":"The governing body may delegate the investment authority provided by SECTION 6-5-10 to the treasurer or other financial officer or any fiscal agent or corporate trustee charged with custody of the funds of the local government, who shall thereafter assume full responsibility for such investment transaction until the delegation of authority terminates or is revoked.","path":["Title 6 - LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS","CHAPTER 5 Investment of Funds by Political Subdivisions"],"source_url":"https://www.scstatehouse.gov/code/t06c005.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:24:24Z","sha256":"e88a1629f51e300b6c2419ad876e3a7bfa58478ad16be4934fa79c50b751da80","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-6-5-15","next":"us-sc/s.c.-code-ann.-6-5-30"},"notice":"GroundRules: Original legal text. Not legal advice."}