South Carolina Statutes
§ 59-113-45 — Disbursement of funds; awards of accrued interest on undisbursed funds.
South Carolina Tuition Grant funds shall be disbursed to eligible students on a semester-by-semester basis. Interest accruing on the balance of undisbursed tuition grant funds on deposit with the State Treasurer's office from September fifteenth through December thirty-first shall be calculated by the State Treasurer's office and transferred within thirty days to the South Carolina Tuition Grant Commission to be awarded as tuition grants to eligible students.
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South Carolina § 59-113-45 (Disbursement of funds; awards of accrued interest on undisbursed funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1998 Act No. 419, Part II, SECTION 8A.
Nearby Sections
7
§ 59-113-10
Higher Education Tuition Grant Commission.§ 59-113-20
Qualifications of applicants for grants.§ 59-113-40
Misapplication of grants.§ 59-113-47
Exemption from mid-year budget reductions.