South Carolina § 16-3-1330 - Insufficient funds for payment of claims.
Full text of South Carolina South Carolina Code of Laws § 16-3-1330 — Insufficient funds for payment of claims., with citation guidance and answers to common questions.
§ 16-3-1330. Insufficient funds for payment of claims.
(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.
HISTORY: 1982 Act No. 455, SECTION 2; 1984 Act No. 489, SECTION 1; 1988 Act No. 367, SECTION 1; 2017 Act No. 96 (S.289), SECTION 5.M, eff July 1, 2017.
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: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 16-3-1330
What does South Carolina Code of Laws § 16-3-1330 cover?
Section 16-3-1330 ("Insufficient funds for payment of claims.") 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 § 16-3-1330?
A common citation format is "South Carolina Code of Laws § 16-3-1330" (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 § 16-3-1330 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.