State Treasury deemed bank for federal purposes.

  1. Law
  2. South Carolina Code of Laws
  3. Public Finance
  4. Deposit Of State Funds
  5. State Treasury deemed bank for federal purposes.

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For purposes of federal law or regulation relating to funds allotted to state agencies which include requirements relating to banking procedures, the State Treasury is deemed to meet the definition of a bank.

HISTORY: 2002 Act No. 356, Section 1, Part XI.E.


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