South Carolina § 23-50-40 - Reimbursed funds; establishing separate account; disposition of funds; use of funds.
Full text of South Carolina South Carolina Code of Laws § 23-50-40 — Reimbursed funds; establishing separate account; disposition of funds; use of funds., with citation guidance and answers to common questions.
§ 23-50-40. Reimbursed funds; establishing separate account; disposition of funds; use of funds.
(A) Except as provided by subsection (D), a crimestoppers organization may not use more than twenty percent of the reimbursed funds received annually to pay costs incurred in administering the organization and shall use the remainder of the reimbursed funds, including any interest earned on the reimbursed funds, only to reward persons who report information concerning criminal activity. Not later than January thirty-first of each year, a crimestoppers organization that receives or expends reimbursed funds shall file a detailed report with the council.
(B) A crimestoppers organization shall establish a separate reward account for reimbursed funds received.
(C) Not later than the sixtieth day after the date of dissolution or decertification of a funds-certified crimestoppers organization, a dissolved or decertified organization shall forward all unexpended reimbursed funds to the council. The council shall distribute any funds received pursuant to this section in furtherance of its duties as set forth in Section 23-50-25.
(D) If the amount of the reimbursed funds received by a crimestoppers organization exceeds three times the amount of rewards paid during a fiscal year based on the average amount of funds used to pay rewards during each of the preceding three fiscal years, the organization may deposit the excess amount of funds in a separate interest-bearing account to be used by the organization for law enforcement purposes relating to crimestoppers or juvenile justice, including intervention, apprehension, and adjudication. An organization that deposits excess funds in an account as provided by this subsection may use any interest earned on the funds to pay costs incurred in administering the organization.
HISTORY: 2006 Act No. 380, SECTION 1, eff upon approval (became law without the Governor's signature on June 14, 2006).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 23-50-40
What does South Carolina Code of Laws § 23-50-40 cover?
Section 23-50-40 ("Reimbursed funds; establishing separate account; disposition of funds; use of funds.") 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 § 23-50-40?
A common citation format is "South Carolina Code of Laws § 23-50-40" (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 § 23-50-40 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.