South Carolina Code 13-1-750. Carryover of funds to subsequent fiscal years
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Terms Used In South Carolina Code 13-1-750
- Division: means the Division of Savannah Valley Development. See South Carolina Code 13-1-610
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The division shall retain unexpended funds at the close of the fiscal year of the State regardless of the source of the funds and expend the funds in subsequent fiscal years.