South Carolina Statutes
§ 59-118-80 — Conditions on matching gifts.
South Carolina § 59-118-80
This text of South Carolina § 59-118-80 (Conditions on matching gifts.) 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. § 59-118-80 (2026).
Text
The state matching gifts authorized in Section 59-118-70 are subject to the following conditions:
(1)qualifying disbursements to which the state matching gift is applied must come from the earnings of the endowment and not from principal or corpus;
(2)the state matching funds must go directly into the college's or university's operating account to be spent only for the purposes authorized;
(3)the college or university must make application to receive state matching funds on forms and under procedures prescribed by the Commission on Higher Education.
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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-118-80, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/118/59-118-80.