Viewing an earlier, undated versionView current - (1) The board is the trustee of the funds of the system and may invest and reinvest the funds in the same manner as funds of the South Carolina Retirement System are invested and reinvested pursuant to Section 9-1-1310.
- (2) Except as otherwise herein provided, no member of or person employed by the Board shall have a direct interest in the gains or profits of any investment made by the Board. No member of the Board or employee of the Board shall, directly or indirectly, for himself or as an agent in any manner use the funds of the System except to make such current and necessary payments as are authorized by the Board; nor shall any member or employee of the Board become an endorser or surety, or in any manner an obligor, for moneys loaned or borrowed from the Board.