S.C. Code Ann. § 41-33-610 – Employment security special administration fund

(a) There is hereby created in the State Treasury a special fund to be known as the employment security special administration fund, which shall consist of all penalties and interest collected on contributions due pursuant to Sections 41-31-330 and 41-31-350 and interest collected on unpaid contributions pursuant to Section 41-31-370. All money in the special administration fund shall be deposited, administered, and disbursed in accord with the provisions of Section 41-33-420 applicable to the employment security administration fund.
(b) All moneys which are deposited in the special administration fund are appropriated and made available to the Commission. All moneys in the fund shall be expended solely for:
1. (1) Replacements in the employment security administration fund as provided in Section 41-33-460.
2. (2) Refunds pursuant to Section 41-31-360 of interest erroneously collected.
3. (3) Special, extraordinary, and incidental expenses incurred in the administration of Chapters 27 through 41 of this Title not provided for in the employment security administration fund and for which Federal funds are not granted by the Federal Government through the Secretary of Labor or its other agencies.
  Any balances in the fund shall not lapse at any time but shall be continuously available to the Commission for expenditure consistent with Chapters 27 through 41 of this Title. The Commission shall issue its requisition approved by the chairman or any designated member, officer, or agent for the purposes set forth herein to the Comptroller General who shall draw his warrant in the usual form provided by law on the State Treasurer, who shall pay it by check on the special administration fund.