The State Treasurer may have a safe in the vault of one of the banks or trust companies in the State, designated by the State Fiscal Accountability Authority, or a majority thereof, and, with the approval of the authority, may place and keep therein monies belonging to the State.
HISTORY: 1962 Code Section 1-741; 1952 Code Section 1-741; 1942 Code Section 2197; 1932 Code Section 2197; 1925 (34) 273; 1948 (45) 1643; 1955 (49) 151.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
Structure South Carolina Code of Laws
Chapter 13 - Deposit Of State Funds
Section 11-13-10. Vault for State Treasurer.
Section 11-13-20. Deposit of state funds in banks or trust companies.
Section 11-13-30. Only State Treasurer may invest and deposit funds.
Section 11-13-40. General deposit account.
Section 11-13-45. Deposit and handling of federal funds; donations from other sources.
Section 11-13-60. Security for state funds deposited in excess of FDIC coverage.
Section 11-13-70. Reports from depositories to Treasurer.
Section 11-13-80. Depositories to report deposits monthly to Comptroller General.
Section 11-13-90. Failure of depository to report.
Section 11-13-100. Intermingling official funds with private funds prohibited.
Section 11-13-120. Manner of depositing state funds; exception for county treasurers.
Section 11-13-130. Deposit slips.
Section 11-13-140. State Treasury deemed bank for federal purposes.