South Carolina § 9-5-480 - Contribution fund to be kept separate; withdrawals; payments to Secretary of Treasury.
Full text of South Carolina South Carolina Code of Laws § 9-5-480 — Contribution fund to be kept separate; withdrawals; payments to Secretary of Treasury., with citation guidance and answers to common questions.
§ 9-5-480. Contribution fund to be kept separate; withdrawals; payments to Secretary of Treasury.
Subject to the provisions of Section 9-5-490, the contribution fund shall be established and held separate and apart from any other funds or moneys of the State and shall be used and administered exclusively for the purpose of this chapter. Withdrawals from such fund shall be made for, and solely for (a) payment of the amounts required to be paid to the Secretary of the Treasury pursuant to an agreement entered into under Sections 9-5-210 to 9-5-230, (b) payment of refunds provided for in Section 9-5-410, subsection (3) and (c) refunds of overpayments, not otherwise adjustable, made by a participating employer.
From the contribution fund the custodian of the funds shall pay to the Secretary of the Treasury such amounts and at such time or times as may be directed by the State agent, in accordance with any agreement entered into under Sections 9-5-210 to 9-5-230 and the Social Security Act.
HISTORY: 1962 Code SECTION 61-242; 1955 (49) 43.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 9-5-480
What does South Carolina Code of Laws § 9-5-480 cover?
Section 9-5-480 ("Contribution fund to be kept separate; withdrawals; payments to Secretary of Treasury.") 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 § 9-5-480?
A common citation format is "South Carolina Code of Laws § 9-5-480" (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 § 9-5-480 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.