All of the following entities may legally invest any sinking funds, monies, or other funds in storm recovery bonds: (1) the South Carolina Pooled Investment Fund established pursuant to Section 6-6-10; (2) banks and bankers, savings and loan associations, credit unions, trust companies, savings banks and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business; (3) personal representatives, guardians, trustees, and other fiduciaries; and (4) all other persons authorized to invest in bonds or other obligations of a similar nature. HISTORY: 2022 Act No. 227 (S.1077), Section 1, eff June 17, 2022.
South Carolina Legal Code