Use of payments received by a supplying public procurement unit.

S.C. Code Ann. § 11-35-4870
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
All payments from any public procurement unit or external procurement activity received by the Division of Procurement Services in connection with sponsoring or administering a cooperative purchase, must be deposited in the State Treasury in a special account and expended only for the costs of providing the goods and services, and such funds may be retained and expended for the same purposes. Editor's Note 2019 Act No. 41, SECTION 80, provides as follows: "SECTION 80. This act takes effect upon approval by the Governor and applies to solicitations issued after that date." Effect of Amendment 2019 Act No. 41, SECTION 70, rewrote the section, providing that certain payments must be deposited in a special revenue account.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t11c035.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements