South Carolina § 48-40-40 - Trust fund appropriation; carry-over and interest; administration.
Full text of South Carolina South Carolina Code of Laws § 48-40-40 — Trust fund appropriation; carry-over and interest; administration., with citation guidance and answers to common questions.
§ 48-40-40. Trust fund appropriation; carry-over and interest; administration.
(A) The trust fund must be funded by annual appropriations from general tax revenues. The appropriated monies must be credited to the trust fund account and maintained separately from the general fund and other funds.
The monies credited to the account may be retained and carried forward, along with all interest earned.
(B) The trust fund must be administered by the Office of Ocean and Coastal Resource Management of the Department of Health and Environmental Control pursuant to this chapter and its regulations governing application, review, ranking, and approval procedures for grants.
HISTORY: 1999 Act No. 100, Part II, SECTION 8.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 48-40-40
What does South Carolina Code of Laws § 48-40-40 cover?
Section 48-40-40 ("Trust fund appropriation; carry-over and interest; administration.") 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 § 48-40-40?
A common citation format is "South Carolina Code of Laws § 48-40-40" (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 § 48-40-40 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.