South Carolina § 59-69-30 - State school fund.
Full text of South Carolina South Carolina Code of Laws § 59-69-30 — State school fund., with citation guidance and answers to common questions.
§ 59-69-30. State school fund.
The State Treasurer shall from time to time invest in bonds of this State or of the United States or in bonds of any county, school district or municipality within the State all such money in the name of the State as a permanent State school fund and shall pay out the income derived therefrom to the counties of the State as the same may be apportioned among the counties by the State Board of Education. But no disposition shall be made of any property, grant, devise, gift or bequest inconsistent with the purposes, conditions or terms thereof.
HISTORY: 1962 Code SECTION 21-903; 1952 Code SECTION 21-903; 1942 Code SECTION 5392; 1932 Code SECTION 5278; Civ. C. '22 SECTION 2538; Civ. C. '12 SECTION 1702; Civ. C. '02 SECTION 1178; 1896 (22) 150; 1917 (30) 384; 1942 (42) 1444.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-69-30
What does South Carolina Code of Laws § 59-69-30 cover?
Section 59-69-30 ("State school 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 § 59-69-30?
A common citation format is "South Carolina Code of Laws § 59-69-30" (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 § 59-69-30 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.