South Carolina § 54-3-1040 - Annual financial statement.
Full text of South Carolina South Carolina Code of Laws § 54-3-1040 — Annual financial statement., with citation guidance and answers to common questions.
§ 54-3-1040. Annual financial statement.
At least once each year the authority shall furnish the Governor, the Chairmen of the Senate Transportation Committee and the House of Representatives Ways and Means Committee and conspicuously post on the authority's Internet website, a complete detailed statement of all monies received and disbursed by the authority during the preceding year. Such statement also shall show the several sources from which such funds were received and the balance on hand at the time of publishing the statement and shall show the complete financial condition of the authority.
HISTORY: 1962 Code SECTION 54-63; 1952 Code SECTION 54-63; 1942 (42) 1535; 2009 Act No. 73, SECTION 5, eff June 16, 2009.
Effect of Amendment
The 2009 amendment substituted "furnish the Governor, the Chairmen of the Senate Transportation Committee, and the House of Representatives Ways and Means Committee, and conspicuously post on the authority's Internet website," for "publish once in some newspaper published in Charleston County" and made nonsubstantive changes throughout.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 54-3-1040
What does South Carolina Code of Laws § 54-3-1040 cover?
Section 54-3-1040 ("Annual financial statement.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 54-3-1040?
A common citation format is "South Carolina Code of Laws § 54-3-1040" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 54-3-1040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.