South Carolina Statutes

§ 59-111-770 — Final disbursements from fund; dissolution of fund.

South Carolina § 59-111-770
JurisdictionSouth Carolina
Title 59EDUCATION
Ch. 111SCHOLARSHIPS

This text of South Carolina § 59-111-770 (Final disbursements from fund; dissolution of fund.) 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. § 59-111-770 (2026).

Text

Any funds remaining in the fund July 1, 1999, or any funds which have reverted to the fund pursuant to Section 59-111-730(B), shall be distributed equally among the board if it has established an endowment and each qualifying institution that has established an endowment and raised the required match funds. Funds distributed pursuant to this section must be used only for the purpose of increasing the corpus of the endowment. Upon final disbursement of all funds in accordance with this section, the fund shall be dissolved.

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Legislative History

HISTORY: 1994 Act No. 497, Part II, SECTION 104.

Nearby Sections

15
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Bluebook (online)
South Carolina § 59-111-770, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/111/59-111-770.