(A) After the fund has reached four hundred thousand dollars, each qualifying institution may request the transfer of one hundred thousand dollars for the sole purpose of being held and administered by the institution as the corpus of a perpetual endowment fund known as the "Environmental Scholars Endowment". Only an annual amount no greater than the annual interest income earned from the corpus of the endowment is to be expended for the award of scholarships or fellowships to students pursuing graduate level degrees in environmental studies or environmental sciences. The corpus of the fund must not be invaded by the institution.
(B) A qualifying institution that establishes an Environmental Scholars Endowment must agree to raise one hundred thousand dollars in private match funds before July 1, 1999. If an institution fails to raise the one hundred thousand dollars in private match funds before July 1, 1999, the corpus of the endowment reverts to the fund.
HISTORY: 1994 Act No. 497, Part II, Section 104.
Structure South Carolina Code of Laws
Section 59-111-15. Tuition assistance for permanent faculty and staff.
Section 59-111-20. Free tuition for certain veterans' children.
Section 59-111-25. Scholarships exempted from mid-year budget reduction.
Section 59-111-30. South Carolina defense scholarship fund.
Section 59-111-50. Persons defaulting on certain student loans precluded from employment by State.
Section 59-111-75. College loan program for National Guard members.
Section 59-111-120. "Fireman" defined.
Section 59-111-130. "Law enforcement officer" defined.
Section 59-111-140. "Corrections officer" defined.
Section 59-111-145. "Government employee" defined.
Section 59-111-150. "State-supported college or university" defined.
Section 59-111-160. "Total disability" defined.
Section 59-111-170. Application for free tuition.
Section 59-111-180. Penalties for misrepresenting eligibility.
Section 59-111-310. "Tuition" defined.
Section 59-111-320. Persons age sixty and over may attend classes without payment of tuition.
Section 59-111-330. Rules and regulations.
Section 59-111-340. Institutions to which article applies.
Section 59-111-350. Persons attending under article not counted in computing enrollment.
Section 59-111-360. Proof of eligibility.
Section 59-111-370. Penalties for misrepresenting eligibility.
Section 59-111-510. Medical and Dental Loan Fund.
Section 59-111-520. Consideration of applications and granting of loans.
Section 59-111-530. Amounts and conditions of loans or scholarships.
Section 59-111-540. Loan contracts.
Section 59-111-560. Penalty for failure to complete contract.
Section 59-111-570. Deposits and disbursements.
Section 59-111-580. Rules and regulations.
Section 59-111-710. "Qualifying institution" or "institution" defined.
Section 59-111-760. Annual accounting of funds; reports.
Section 59-111-770. Final disbursements from fund; dissolution of fund.