South Carolina Tuition Grant funds shall be disbursed to eligible students on a semester-by-semester basis. Interest accruing on the balance of undisbursed tuition grant funds on deposit with the State Treasurer's office from September fifteenth through December thirty-first shall be calculated by the State Treasurer's office and transferred within thirty days to the South Carolina Tuition Grant Commission to be awarded as tuition grants to eligible students.
HISTORY: 1998 Act No. 419, Part II, Section 8A.
Structure South Carolina Code of Laws
Section 59-113-10. Higher Education Tuition Grant Commission.
Section 59-113-20. Qualifications of applicants for grants.
Section 59-113-30. Students covered by chapter; amount of grants; adjustment for scholarships.
Section 59-113-40. Misapplication of grants.
Section 59-113-45. Disbursement of funds; awards of accrued interest on undisbursed funds.
Section 59-113-47. Exemption from mid-year budget reductions.
Section 59-113-50. "Independent institution of higher learning" defined.