South Carolina Code 1-11-115. Use of proceeds of sale of State real property
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Terms Used In South Carolina Code 1-11-115
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
All proceeds from the sale of real property titled to or subject to the care and control of the Department of Administration must be deposited to the credit of the Sinking Fund and used by the department for the acquisition and maintenance of facilities owned by it for the use and occupancy of state departments and agencies.