South Carolina Code 50-9-955. Fish and Wildlife Deferred License Fund
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(A) The Fish and Wildlife Deferred License Fund is created for the purpose of receiving revenue generated from the sale of three year hunting and freshwater fishing licenses, permits, stamps, and tags.
(B) Receipts from each license year shall be transferred to the Fish and Wildlife Protection Fund as follows:
Terms Used In South Carolina Code 50-9-955
- 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.
- Fish: means finfish, shellfish including mollusks, crustaceans, horseshoe crabs, whelks (conchs), turtles, and terrapin or products thereof. See South Carolina Code 50-5-15
- Fishing: means all activity and effort involved in taking or attempting to take fish. See South Carolina Code 50-5-15
(1) fifty percent during the first fiscal year after receipt; and
(2) the balance during the second fiscal year after receipt.
Where applicable, each transfer shall distribute the receipts based on the allocations specified in § 50-9-920(B).
(C) Interest earned on balances in the fund shall be credited to the fund and transferred to the Fish and Wildlife Protection Fund in the same manner.
(D) Balances in the fund shall be retained and carried forward annually.