South Carolina § 50-9-965 - Marine Resources Deferred License Fund.
Full text of South Carolina South Carolina Code of Laws § 50-9-965 — Marine Resources Deferred License Fund., with citation guidance and answers to common questions.
§ 50-9-965. Marine Resources Deferred License Fund.
(A) The Marine Resources Deferred License Fund is created for the purpose of receiving revenue generated from the sale of three year saltwater licenses, permits, stamps, and tags.
(B) Receipts from each license year shall be transferred to the Marine Resources Fund as follows:
(1) fifty percent during the first fiscal year after receipt; and
(2) the balance during the second fiscal year after receipt. Where applicable, each transfer shall distribute the receipts based on the allocations specified in Section 50-9-920(C).
(C) Interest earned on balances in the fund shall be credited to the fund and transferred to the Marine Resources Fund in the same manner.
(D) Balances in the fund shall be retained and carried forward annually.
HISTORY: 2010 Act No. 233, SECTION 11, eff July 1, 2010; 2013 Act No. 94, SECTION 15, eff July 1, 2013.
Effect of Amendment
The 2013 amendment rewrote the section.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 50-9-965
What does South Carolina Code of Laws § 50-9-965 cover?
Section 50-9-965 ("Marine Resources Deferred License Fund.") 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 § 50-9-965?
A common citation format is "South Carolina Code of Laws § 50-9-965" (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 § 50-9-965 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.