South Carolina § 43-21-180 - Portion of fund available for disbursement.
Full text of South Carolina South Carolina Code of Laws § 43-21-180 — Portion of fund available for disbursement., with citation guidance and answers to common questions.
§ 43-21-180. Portion of fund available for disbursement.
Funds deposited in the trust fund and all earnings from the investment of these funds, after allowances for operating expenses, are available for disbursement upon authorization of the department. However, in any year in which more than two hundred thousand dollars is deposited in the trust fund, twenty-five percent of the amount over two hundred thousand dollars and earnings from the investment of these funds must be placed in a separate account. When the assets of this separate account exceed five million dollars, no further deposits are required to be made to the separate account and all future earnings from the investment of the monies in this separate account also are available for distribution upon authorization of the department.
HISTORY: 1992 Act No. 501, Part II SECTION 62B, eff July 1, 1992; 1993 Act No. 181, SECTION 1029, eff July 1, 1993; 1995 Act No. 10, SECTION 1, eff March 7, 1995; 2008 Act No. 353, SECTION 2, Pt 25C, eff July 1, 2009.
Code Commissioner's Note
At the direction of the Code Commissioner, references to "Department on Aging" and "department" were substituted for "Division on Aging" and "division" to comply with amendments made by 2018 Act No. 261.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 43-21-180
What does South Carolina Code of Laws § 43-21-180 cover?
Section 43-21-180 ("Portion of fund available for disbursement.") 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 § 43-21-180?
A common citation format is "South Carolina Code of Laws § 43-21-180" (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 § 43-21-180 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.