All state, county, and municipal officers depositing funds that accrue interest in a bank or other depository shall account to the respective governing body for all interest collected upon these deposits.
A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years.
HISTORY: 1962 Code Section 1-52; 1952 Code Section 1-52; 1942 Code Section 1577; 1932 Code Section 1577; Cr. C. '22 Section 530; 1915 (29) 56; 1993 Act No. 184, Section 151.
Structure South Carolina Code of Laws
Chapter 1 - General Provisions
Section 11-1-10. Official receipts for monies collected.
Section 11-1-20. Interest on deposits of public funds.
Section 11-1-25. Report by State Treasurer on investment earnings.
Section 11-1-30. Issuance of negotiable notes in anticipation of taxes.
Section 11-1-40. Contracts in excess of tax or appropriation; diverting public funds.
Section 11-1-85. Covenant required.
Section 11-1-100. Starting date of projects funded with capital improvement bonds regulated.