Where does the treasurer invest funds, and what are the constraints on investment of county monies?

Sections 12-45-220 and 6-5-10 of the South Carolina Code of Laws limit the treasurer as to where public funds may be invested. These code sections allow investment:

  • In obligations of the United States and its agencies with the United States that are fully guaranteed by the federal government
  • In bonds of certificates of indebtedness of the State of South Carolina and its agencies
  • In shares of any building and loan association insured by an agency of the United States
  • With banking institutions of South Carolina

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1. Why did the treasurer raise my taxes?
2. Why did the treasurer send my bill to the wrong address?
3. How do I apply for a high mileage discount on my vehicle?
4. How do I apply for a senior citizen discount on vehicle renewal fees?
5. Why am I being charged taxes for the vehicle I just purchased? The dealer told me he would take care of tags and taxes.
6. Why did I receive two tax notices for the same property?
7. Where does the treasurer invest funds, and what are the constraints on investment of county monies?