To receive and hold revenues of the bank, there is created in the State Treasury separate and distinct from all other funds the South Carolina Conservation Bank Trust Fund. Earnings on the trust fund are retained in the trust fund and unexpended trust fund revenues at the end of a fiscal year are carried forward in the trust fund. The trust fund may receive revenues from any source the General Assembly may provide by law and from governmental grants and private gifts and bequests. Trust fund revenues may be used only as provided in this chapter.
HISTORY: 2002 Act No. 200, Section 1.
Structure South Carolina Code of Laws
Title 48 - Environmental Protection and Conservation
Chapter 59 - The South Carolina Conservation Bank Act
Section 48-59-10. Short title.
Section 48-59-30. Definitions.
Section 48-59-50. Bank powers and duties; executive director.
Section 48-59-60. South Carolina Conservation Bank Trust Fund.
Section 48-59-70. Trust fund grants or loans for land interests; application; conservation criteria.
Section 48-59-90. Eminent domain or condemnation proceedings.
Section 48-59-100. Public access requirement.
Section 48-59-110. Trust fund use restriction.
Section 48-59-120. Repeal or amendment requirements applicable to Section 48-59-90.