Insufficient funds for payment of claims.

S.C. Code Ann. § 16-3-1330
in effect
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(A) When the director determines that projected revenue in any fiscal year will be insufficient to pay projected claims or awards in the amounts provided pursuant to the provisions of this article, he shall reduce the amount of all claims or awards by an amount equal to the ratio of projected revenue to the total projected claims or awards cost. When these reductions are required, the director shall inform the public through the media of the reductions as promptly as possible. The reductions apply to all claims or awards not paid as of the effective date of the reductions order. (B) Any award is specifically not a claim against the State if it cannot be paid due to a lack of funds in the Victim Compensation Fund. Effect of Amendment 2017 Act No. 96, Pt. II, SECTION 5.M, inserted the paragraph identifiers; in (A), substituted "pursuant to the provisions of this article" for "herein"; and, in (B), deleted "hereunder" following "Any award", and substituted "Victim Compensation Fund" for "Victim's Compensation Fund".
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t16c003.phpFetched: 10/17/2026