South Carolina § 6-21-480 - Disposition of surplus in operation and maintenance fund.
Full text of South Carolina South Carolina Code of Laws § 6-21-480 — Disposition of surplus in operation and maintenance fund., with citation guidance and answers to common questions.
§ 6-21-480. Disposition of surplus in operation and maintenance fund.
If any surplus shall be accumulated in the operation and maintenance fund which shall be equal to the cost of operating and maintaining the system, project or combined system during the remainder of the calendar, operating or fiscal year, as provided by the authorizing ordinance, and the cost of operating and maintaining the system, project or combined system during the succeeding like calendar, operating or fiscal year, any such surplus may be transferred at any time by the governing body to the depreciation fund, the contingent fund or the bond and interest redemption fund.
HISTORY: 1962 Code SECTION 59-406; 1952 Code SECTION 59-406; 1942 Code SECTION 9267; 1933 (38) 411.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-21-480
What does South Carolina Code of Laws § 6-21-480 cover?
Section 6-21-480 ("Disposition of surplus in operation and maintenance 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 § 6-21-480?
A common citation format is "South Carolina Code of Laws § 6-21-480" (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 § 6-21-480 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.