The State Treasurer is authorized to assist local governments in investing funds that are temporarily in excess of operating needs by:
(1) Explaining investment opportunities to such local governments through publication and other appropriate means;
(2) Acquainting such local governments with the State's practice and experience in investing short-term funds; and
(3) Providing technical assistance in investment of idle funds to local governments that request such assistance.
HISTORY: 1962 Code Section 1-69; 1967 (55) 625.
Structure South Carolina Code of Laws
Chapter 5 - Investment Of Funds By Political Subdivisions
Section 6-5-10. Authorized investments by political subdivisions.
Section 6-5-15. Securing deposits of funds by local entities.
Section 6-5-20. Delegation of investment authority.
Section 6-5-30. Assistance of State Treasurer.
Section 6-5-40. Chapter shall be supplementary to other statutes.