South Carolina Statutes

§ 59-103-65 — Closure of an institution; reallocation of funds.

South Carolina § 59-103-65
JurisdictionSouth Carolina
Title 59EDUCATION
Ch. 103STATE COMMISSION ON HIGHER EDUCATION

This text of South Carolina § 59-103-65 (Closure of an institution; reallocation of funds.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
S.C. Code Ann. § 59-103-65 (2026).

Text

If an institution beginning July 1, 1999, is closed by the commission, the institution shall be treated as a terminated agency under Section 1-20-30 and as such terminated in the manner provided therein. However, any remaining funds shall not revert to the general fund as provided in Section 1-20-30 but instead shall be reallocated to higher education funding through use of the higher education funding formula in the manner the commission shall provide.

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Legislative History

HISTORY: 1996 Act No. 359, SECTION 8.

Nearby Sections

15
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Bluebook (online)
South Carolina § 59-103-65, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/103/59-103-65.