For purposes of federal law or regulation relating to funds allotted to state agencies which include requirements relating to banking procedures, the State Treasury is deemed to meet the definition of a bank.
HISTORY: 2002 Act No. 356, Section 1, Part XI.E.
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.