Nothing in this chapter or in any investment trust agreement entered into pursuant to this chapter shall be construed as a promise or guarantee by the State or any agency thereof that either qualified higher education expenses in general or any specific qualified higher education expense shall be covered in full by contributions or earnings on any investment trust account. Investment trust accounts and agreements entered into pursuant to this chapter are not guaranteed by the full faith and credit of the State of South Carolina.
HISTORY: 2001 Act No. 72, Section 3(A).
Structure South Carolina Code of Laws
Chapter 2 - South Carolina College Investment Program
Section 59-2-20. Findings and Purpose.
Section 59-2-40. State Treasurer responsible for SCCIP and SCTPP programs.
Section 59-2-50. Powers of State Treasurer.
Section 59-2-60. Investment trust agreements.
Section 59-2-70. South Carolina College Investment Trust Fund.
Section 59-2-80. Tax features.
Section 59-2-85. Contributions through payroll deductions.
Section 59-2-90. Investment of trust funds.
Section 59-2-110. Disclaimer as to admission, continued enrollment, or graduation.
Section 59-2-140. SCCIP trust fund exempt from legal process, unassignable.
Section 59-2-150. State Treasurer, others not responsible for determining specified information.