South Carolina Code 11-40-230. Deposit of money of authority; investment of funds
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 11-40-230
- Authority: means the South Carolina Infrastructure Facilities Authority. See South Carolina Code 11-40-30
All money of the authority, except as otherwise authorized by law or provided in this chapter, must be deposited with and invested by the State Treasurer. Funds of the authority not needed for immediate use or disbursement may be invested by the State Treasurer in obligations or securities which are declared to be legal obligations by the provisions of Chapter 5 of Title 6, § 11-9-660, and § 11-9-661.