(A) No state funds may be used to support or operate the Financial Literacy Initiative. This prohibition does not prevent the Department of Education from housing the offices of the Financial Literacy Initiative. A separate fund must be established to accept nongovernmental grants, gifts, and donations from a public or private source for the South Carolina Financial Literacy Trust. All funds may be carried forward from fiscal year to fiscal year. The State Treasurer shall invest the monies in the Financial Literacy Trust in the same manner as other funds under his control are invested and all interest derived from the investment of these funds shall remain in the trust. The South Carolina Financial Literacy Board of Trustees shall administer and authorize any disbursements from the trust. Private individuals and groups shall be encouraged to contribute to this endeavor.
(B) All interest derived from the investment of the funds in subsection (A) shall remain a part of the trust.
HISTORY: 2006 Act No. 382, Section 2, eff June 14, 2006.
Structure South Carolina Code of Laws
Chapter 29 - Subjects Of Instruction
Section 59-29-10. Required subjects.
Section 59-29-15. Teaching cursive writing and multiplication tables required.
Section 59-29-20. Required subjects; nature and effect of alcoholic drinks and narcotics.
Section 59-29-21. Guidelines for career guidance.
Section 59-29-30. Required subjects; Alcohol and Narcotics Education Week.
Section 59-29-35. Home school awareness week; admission opportunities.
Section 59-29-50. Required subjects; traffic laws.
Section 59-29-55. Instruction on Black history.
Section 59-29-60. Required subjects; program of safety instruction.
Section 59-29-70. Required subjects; instruction in fire prevention.
Section 59-29-80. Required subjects; courses in physical education; alternatives; exemptions.
Section 59-29-90. Physical education courses in teacher training colleges.
Section 59-29-110. Instruction in military science and tactics.
Section 59-29-130. Public institutions of higher learning; required instruction; applicability.
Section 59-29-160. Two units of mathematics requisite for graduation.
Section 59-29-165. Instruction in personal finance.
Section 59-29-170. Programs for gifted and talented students.
Section 59-29-179. Identification of higher order thinking and problem solving skills.
Section 59-29-180. Emphasis on higher order problem solving skills.
Section 59-29-181. Selection of tests for statewide testing program.
Section 59-29-182. Review of procedures to assess higher order thinking and problem solving skills.
Section 59-29-183. In-service training programs.
Section 59-29-190. Advanced placement courses for academically talented students.
Section 59-29-200. Pupil-teacher ratios.
Section 59-29-210. Emphasis on teaching as profession.
Section 59-29-220. Arts education curricula.
Section 59-29-230. Old and New Testament era courses.
Section 59-29-240. Civics test required; report.
Section 59-29-410. Development of high school financial literacy programs; areas of instruction.
Section 59-29-430. Incorporation into Academic Standards of Instruction.
Section 59-29-440. South Carolina Financial Literacy Initiative established.
Section 59-29-480. Board membership; terms; vacancies.
Section 59-29-490. Powers and duties.
Section 59-29-500. Employment of Director of the Financial Literacy Office and staff.
Section 59-29-520. Office of South Carolina Financial Literacy established.
Section 59-29-530. Applications for grants; criteria.
Section 59-29-540. Use of grant funds.
Section 59-29-550. Carrying forward funds into following fiscal year.
Section 59-29-560. Disbursement of and accountability for funds; penalties.
Section 59-29-570. Implementation review; grantee participation; reports.