South Carolina § 11-49-20 - Definitions.
Full text of South Carolina South Carolina Code of Laws § 11-49-20 — Definitions., with citation guidance and answers to common questions.
§ 11-49-20. Definitions.
As used in this chapter:
(1) "Authority" means the Tobacco Settlement Revenue Management Authority, as established by this chapter.
(2) "Board" means the governing body of the authority.
(3) "Bonds" means special source bonds, notes, or other evidences of indebtedness of the authority payable solely from and secured solely by the State's tobacco receipts, issued pursuant to the authorizations contained in this chapter and in Section 13(9), Article X of the Constitution of this State. The bonds are "bonds" for purposes of Section 12-2-50 and any successor provision.
(4) "Escrow" means the escrow as that term is defined in the master settlement agreement.
(5) "Escrow agent" means the escrow agent as that term is defined in the master settlement agreement.
(6) "Independent auditor" means the independent auditor as that term is defined in the master settlement agreement.
(7) "Master settlement agreement" means the settlement agreement and related documents entered into on November 23, 1998, by the State and the four principal United States tobacco product manufacturers, as amended and supplemented.
(8) "Participating manufacturers" means the participating manufacturers as that term is defined in the master settlement agreement.
(9) "State" or "this State" means the State of South Carolina.
(10) "State's tobacco receipts" means all of the payments to be made by the escrow agent and derived from payments made by the participating manufacturers and allocated to this State under the master settlement agreement, other than pursuant to Article XVII of that agreement.
HISTORY: 2000 Act No. 387, Part II, SECTION 69A.2.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-49-20
What does South Carolina Code of Laws § 11-49-20 cover?
Section 11-49-20 ("Definitions.") 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 § 11-49-20?
A common citation format is "South Carolina Code of Laws § 11-49-20" (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 § 11-49-20 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
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