Section 50-9-955 - Fish and Wildlife Deferred License Fund(A) The Fish and Wildlife Deferred License Fund is created for the purpose of receiving revenue generated from the sale of three year hunting and freshwater fishing licenses, permits, stamps, and tags.(B) Receipts from each license year shall be transferred to the Fish and Wildlife Protection Fund as follows: (1) fifty percent during the first fiscal year after receipt; and(2) the balance during the second fiscal year after receipt. Where applicable, each transfer shall distribute the receipts based on the allocations specified in Section 50-9-920(B).
(C) Interest earned on balances in the fund shall be credited to the fund and transferred to the Fish and Wildlife Protection Fund in the same manner.(D) Balances in the fund shall be retained and carried forward annually.Amended by 2013 S.C. Acts, Act No. 95 (SB 584), s 13, eff. 7/1/2013.Added by 2010 S.C. Acts, Act No. 233 (SB 974), s 11, eff. 7/1/2010.2013 Act No. 94, Section 13, eff 7/1/2013.