Grants provided pursuant to this chapter are subject to the availability of funds appropriated by the General Assembly. Funds appropriated for the college assistance program may be carried forward and expended for the same purpose. If a midyear budget reduction is imposed by the General Assembly or the Executive Budget Office, as appropriate, the appropriations for the college assistance program are exempt. Up to five percent of the amount appropriated to the college assistance program may be used to defray administrative costs incurred by the commission associated with the implementation of this chapter.
HISTORY: 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year; 2014 Act No. 151 (H.3784), Section 3, eff April 7, 2014.
Effect of Amendment
2014 Act No. 151, Section 3, added the second and third sentences, relating to the carry forward of funds and midyear budget reduction.
Structure South Carolina Code of Laws
Chapter 114 - South Carolina National Guard College Assistance Program Act
Section 59-114-10. Short title.
Section 59-114-20. Definitions.
Section 59-114-30. College assistance program grants; restrictions.
Section 59-114-40. Qualification requirements.
Section 59-114-65. Grants dependent on availability of funds; administration costs.