S.C. Code Ann. § 11-1-20
This is the official text of S.C. Code Ann. § 11-1-20, part of South Carolina’s Code Ann — part of the compiled statutory law of South Carolina, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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SECTION 11-1-20. Interest on deposits of public funds.
Official statutory text
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.
Status: in_force · Read it on the official government site
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