South Carolina Statutes
§ 59-104-410 — Research Investment Fund.
A Research Investment Fund is created to establish or expand research programs in public institutions of higher learning in this State which are related to the continued economic development of South Carolina. The fund must consist of appropriations to the State Commission on Higher Education which it allocates to the institutions for research. The funds must be apportioned among the three senior universities and the four-year colleges in a manner that takes into account the previous year's expenditures of externally generated funds for research by the institutions as reported to the commission. However, the commission may make exceptions to accommodate economic development opportunities in any area of the State.
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South Carolina § 59-104-410 (Research Investment Fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1988 Act No. 629, SECTION 1; 1996 Act No. 359, SECTION 10.
Nearby Sections
15
§ 59-104-210
Competitive grants program established.§ 59-104-230
Endowed professorships program.§ 59-104-410
Research Investment Fund.§ 59-104-420
Criteria for use of fund.§ 59-104-440
Allocation of funds.