South Carolina § 59-115-40 State Education Assistance Authority.

South Carolina Statutes

§ 59-115-40 — State Education Assistance Authority.

South Carolina § 59-115-40

Title 59EDUCATION

Ch. 115STATE EDUCATION ASSISTANCE ACT

This text of South Carolina § 59-115-40 (State Education Assistance Authority.) 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. § 59-115-40 (2026).

Text

There is hereby created a body politic and corporate to be known as the State Education Assistance Authority (authority). The authority is hereby declared to be a public instrumentality of the State and the exercise by the authority of any power conferred herein shall be deemed and held to be the performance of an essential public function. The authority shall consist of the members, from time to time, of the State Fiscal Accountability Authority, ex officio.

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There is hereby created a body politic and corporate to be known as the State Education Assistance Authority (authority). The authority is hereby declared to be a public instrumentality of the State and the exercise by the authority of any power conferred herein shall be deemed and held to be the performance of an essential public function. The authority shall consist of the members, from time to time, of the State Fiscal Accountability Authority, ex officio.

Legislative History

HISTORY: 1962 Code SECTION 22-96.3; 1971 (57) 775; 2014 Act No. 121 (S.22), Pt VII, SECTION 20.O.2, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 20.O.2, substituted "Fiscal Accountability Authority" for "Budget and Control Board of South Carolina", and made other nonsubstantive changes.