South Carolina § 59-118-20 Purpose.

South Carolina Statutes

§ 59-118-20 — Purpose.

South Carolina § 59-118-20

Title 59EDUCATION

Ch. 118SOUTH CAROLINA ACADEMIC ENDOWMENT INCENTIVE ACT

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Bluebook

S.C. Code Ann. § 59-118-20 (2026).

Text

The purposes of this chapter are to:

(1)further the state's efforts to meet its responsibility for the intellectual development of our youth;

(2)enhance statewide economic development through initiatives in higher education; to provide incentives to individuals, corporations, or private funding organizations to create endowments to support the teaching and related activities at South Carolina's public colleges and universities;

(3)supplement the financial impacts of newly created endowments that support these colleges and universities.

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The purposes of this chapter are to: (1) further the state's efforts to meet its responsibility for the intellectual development of our youth; (2) enhance statewide economic development through initiatives in higher education; to provide incentives to individuals, corporations, or private funding organizations to create endowments to support the teaching and related activities at South Carolina's public colleges and universities; (3) supplement the financial impacts of newly created endowments that support these colleges and universities.