South Carolina Code 11-1-20. Interest on deposits of public funds
Current as of: 2023 | Check for updates
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All state, county, and municipal officers depositing funds that accrue interest in a bank or other depository shall account to the respective governing body for all interest collected upon these deposits.
A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years.
Terms Used In South Carolina Code 11-1-20
- Conviction: A judgement of guilt against a criminal defendant.