All funds received by any department or institution of the state Government shall be deposited and maintained in appropriate accounts in the State Treasury except such funds as may be authorized by the State Fiscal Accountability Authority to be maintained in departmental or institutional bank accounts for regular operating purposes or for other justifiable circumstances, such accounts to be maintained in such banks or banking institutions as shall be designated by the State Treasurer. To facilitate the management of all funds, all earnings from investments of general deposit funds shall become a part of the General Fund of the State. HISTORY: 1977 Act No. 219, Part II, Section 8.
South Carolina Legal Code