South Carolina Statutes
§ 59-118-20 — Purpose.
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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South Carolina § 59-118-20 (Purpose.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 155, Part II, SECTION 21A.
Nearby Sections
10
§ 59-118-10
Short title.§ 59-118-100
Proportionate shares; undistributed funds.§ 59-118-20
Purpose.§ 59-118-30
Definitions.§ 59-118-50
Use of disbursements.§ 59-118-70
Provision of matching funds.§ 59-118-80
Conditions on matching gifts.