Each qualifying college or university will provide donors with an incentive in the form of matching state gifts on disbursements from earnings on certain endowments, donations, or gifts if these monies are used for the purposes specified in Section 59-118-50.
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.