For the purpose of this chapter "a self-sufficiency trust" means a trust created by a nonprofit corporation exempt from federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986 and organized for purposes of providing care or treatment of one or more developmentally disabled, mentally ill, or physically handicapped persons eligible for services of the South Carolina Department of Disabilities and Special Needs, State Department of Mental Health, or the State Agency of Vocational Rehabilitation.
HISTORY: 1992 Act No. 385, Section 1; 1993 Act No. 181, Section 1093.
Structure South Carolina Code of Laws
Section 44-28-10. Establishment of fund; purpose.
Section 44-28-20. Definition of "self-sufficiency trust."
Section 44-28-50. Receipt of monies from fund not to reduce, impair, or diminish other benefits.
Section 44-28-70. Crediting and allocation of interest.
Section 44-28-310. Establishment of fund; purpose.
Section 44-28-320. Source of monies for fund.
Section 44-28-330. Use of monies in fund.
Section 44-28-340. Interest earned to be credited to fund.
Section 44-28-350. Receipt of monies from fund not to reduce, impair, or diminish other benefits.