S.C. Code Ann. § 35-1-220 – Retention of fee revenues; transfer of fees to the South Carolina Law Enforcement Division | Midpage
§ 35-1-220
S.C. Code Ann. § 35-1-220
Retention of fee revenues; transfer of fees to the South Carolina Law Enforcement Division
(A) The Attorney General may retain the first one million five hundred thousand dollars from fee revenues collected pursuant to this chapter to be used for the operations of the Securities Division. The Attorney General is authorized to transfer to the South Carolina Law Enforcement Division two hundred thousand dollars after retaining the first one million five hundred thousand dollars collected pursuant to this chapter to be retained, expended, and carried forward for the provision of investigators for the State Grand Jury. The funds transferred to the State Law Enforcement Division must be used only for purposes of the State Grand Jury, and may not be transferred to any other program or used for any other purpose.
(B) The Attorney General may retain the first two hundred fifty thousand dollars received by the Division of Securities in a fiscal year in settlement of litigation enforcement action and reimbursements of expenses arising from violations under this chapter to offset investigative, prosecutorial, and administrative costs of enforcing this chapter.