S.C. Code Ann. § 41-33-40
All moneys in the fund shall be mingled and undivided, but the State Treasurer shall maintain within the fund three separate accounts: (a) A clearing account, (b) an unemployment trust fund account and (c) a benefit account. All moneys payable to the fund shall, upon receipt thereof by the Commission be forwarded to the State Treasurer who shall immediately credit them to the clearing account.