South Carolina Code § 6-6-20

Adoption of accounting principles and regulations; investments.
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The treasurer shall adopt accounting procedures from which the exact interest of the monies combined for investment can be determined and may adopt regulations as may be necessary to administer the provisions of this chapter. He may invest the monies of the fund in the same types of investments provided for in SECTIONS 6-5-10, 11-9-660, and 11-9-661.

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