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Section 50-3-1030. Assets of fund.

SC Code § 50-3-1030 (2019) (N/A)
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The assets of the fund may be derived from:

(1) appropriations of state general funds, federal funds, donations, gifts, bond-issue receipts, securities, and other monetary instruments of value;

(2) the proceeds of any gifts, grants, and contributions to the State which are designated specifically for inclusion;

(3) funds derived from the Yawkey Foundation, a charitable trust established under the will of Thomas A. Yawkey, deceased;

(4) funds received through sale, exchange, or otherwise, of products of the property including, but not limited to, timber;

(5) restricted interest income, contributions, and donations;

(6) other lawful sources; and

(7) the reimbursement for monies expended from this fund which must be redeposited into the fund.

HISTORY: 2014 Act No. 168 (S.1010), Section 1, eff May 16, 2014.

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Section 50-3-1030. Assets of fund.