™Your Policy Risk Impact Agent
40 chapters · 720 sections in this title.
S.C. Code Ann. § 11-49-10 Short title
0.1K chars
This chapter may be cited as the "Tobacco Settlement Revenue Management Authority Act".
S.C. Code Ann. § 11-49-100 Accounts to be maintained separately; annual report
0.6K chars
All accounts of the authority must be held and maintained separately from all other funds, properties, assets, and accounts of this State and its other agencies. The board shall keep an accurate account of all of its activities and all of its receipts and expenditures and annuall…
S.C. Code Ann. § 11-49-120 Taxation of bonds, interest from bonds, and property of authority; fiduciaries authorized to invest in bonds
0.9K chars
(A) The bonds and the income from the bonds are exempt from all taxation in the State except for inheritance, estate, or transfer taxes, regardless of the federal income tax treatment of the interest from the bonds. (B) The exercise of the powers granted by this chapter are in al…
S.C. Code Ann. § 11-49-130 Excess tobacco receipts
0.6K chars
All of the state's tobacco receipts not needed to pay (1) expenses of the authority during the next twelve months, or (2) debt service on bonds during the next twelve months, or fully to fund reserve accounts established by the board with respect to bonds, not less frequently tha…
