February 27,1985

Opinion concerning whether a political subdivision of the State, such as a municipal commission of public works, is permitted to invest public funds in certificates of deposit issued by a savings and loan association provided those certificates of deposit are collaterally insured in the manner prescribed by S.C. Code 6-5-10 (a) (A) , 1976 as amended?

Requested by: Ronald W. McKinney, Esquire, Edwards, Duggan , Reese and McKinney, P. A.

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