The Commission on Higher Education shall ensure that each qualifying college or university receives its proportionate share of the State Higher Education Matching Gift Fund based on the ratio of disbursements. Any monies in the State Higher Education Matching Gift Fund not distributed in any year shall be carried forward for the same purposes in future years and all earnings on monies in the State Higher Education Matching Gift Fund must be retained in the fund and used for its stated purposes.
HISTORY: 1997 Act No. 155, Part II, Section 21A.
Structure South Carolina Code of Laws
Chapter 118 - South Carolina Academic Endowment Incentive Act
Section 59-118-10. Short title.
Section 59-118-30. Definitions.
Section 59-118-40. Matching state gifts on qualified disbursements.
Section 59-118-50. Use of disbursements.
Section 59-118-60. South Carolina Higher Education Matching Gift Fund.
Section 59-118-70. Provision of matching funds.
Section 59-118-80. Conditions on matching gifts.
Section 59-118-90. Procedures for submission and documentation of requests.
Section 59-118-100. Proportionate shares; undistributed funds.