South Carolina Statutes
§ 59-104-440 — Allocation of funds.
(A)With the exception of the University of South Carolina, Clemson University, and the Medical University of South Carolina, institutions seeking financial support from the fund for research projects shall submit proposals to the commission for its review and approval.
(B)The portion of the fund allocated to the three senior universities excepted in subsection (A) must be distributed in a manner that takes into account the previous year's expenditures of externally generated funds for research which each university reported to the commission.
(C)No funds allocated under the provisions of this chapter nor matching funds received pursuant to terms of this chapter may be used to increase an institution's future years' formula funding as computed by the Commission on Higher Education.
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South Carolina § 59-104-440 (Allocation of funds.) — 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. ARTICLE 7 Improving Accountability Through Planning and Assessment
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.