The State Treasurer shall transfer to the Department of Parks, Recreation and Tourism that portion of the former Tricentennial Fund consisting of nine hundred eighty-two thousand, seven dollars and fifty cents recovered in litigation as a result of defects in certain buildings owned by the former Tricentennial Commission. Five hundred thousand dollars of such moneys shall be deposited in the trust fund and the balance shall be used by the department for capital improvements as it sees fit.
HISTORY: 1962 Code Section 51-79.13; 1974 (58) 2070; 1993 Act No. 181, Section 1278, eff July 1, 1993.
Effect of Amendment
The 1993 amendment substituted "Department of Parks, Recreation and Tourism" for "State Parks, Recreation and Tourism Commission" and "department" for "Commission".
Structure South Carolina Code of Laws
Title 51 - Parks, Recreation and Tourism
Chapter 11 - Recreation Land Trust Fund
Section 51-11-10. Recreation Land Trust Fund created; purpose; administration.
Section 51-11-15. Grants to local governments for acquisition of recreational land.
Section 51-11-20. Restriction on use of trust fund.
Section 51-11-30. Transfer of Tricentennial Fund.
Section 51-11-40. South Carolina Outdoor Recreation Plan of 1970.
Section 51-11-50. Approval of expenditures.
Section 51-11-60. General Assembly shall receive reports of expenditures.