Earnings on balances in the Rural Infrastructure Fund must be credited and invested as provided by law. Earnings must be credited to the Rural Infrastructure Fund. The authority may establish accounts and subaccounts within the Rural Infrastructure Fund as considered desirable to effectuate the purposes of this chapter, or to meet the requirements of any state or federal program. All accounts must be held in trust by the State Treasurer.
HISTORY: 2010 Act No. 171, Section 1, eff May 26, 2010.
Structure South Carolina Code of Laws
Chapter 50 - South Carolina Rural Infrastructure Act
Section 11-50-10. Short title.
Section 11-50-20. Legislative findings.
Section 11-50-40. Definitions.
Section 11-50-50. Board of directors; terms; vacancies; compensation.
Section 11-50-55. Director of the authority.
Section 11-50-60. Powers of authority.
Section 11-50-65. Administrative support for State Rural Infrastructure Authority.
Section 11-50-70. Rural Infrastructure Fund capitalization.
Section 11-50-80. Earnings on balances in Rural Infrastructure Fund.
Section 11-50-90. Loans and other financial assistance.
Section 11-50-100. Financing agreements; authorizations; security.
Section 11-50-110. Exempt from taxes and assessments.
Section 11-50-120. Defaults by eligible entities.
Section 11-50-130. Liability of authority, officers, employees, or committees.
Section 11-50-150. Deposit of money of authority; investment of funds.
Section 11-50-160. Annual reports; audit of books and accounts.
Section 11-50-170. Liberal construction; approval of ad valorem property taxes.