South Carolina Statutes
§ 59-142-40 — Funds allocation methodology.
South Carolina·Title 59 EDUCATION·Ch. 142 STUDENTS FIRST FINANCIAL RESOURCES FOR SCHOLARSHIPS AND TUITION
Funds must be allocated in a given year to institutions using a methodology that considers state resident Pell Grant recipients so that each public institution shall receive an amount sufficient to provide a similar level of support per state resident Pell recipient when compared to tuition and required fees. However, no institution shall receive a smaller proportion of funding than would be provided under the student enrollment methodology used in years prior to fiscal year 2008-2009. Funds must be awarded to eligible students according to the financial need of the student.
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South Carolina § 59-142-40 (Funds allocation methodology.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 458, Part II, SECTION 20A; 2011 Act No. 74, Pt VI, SECTION 17, eff August 1, 2011. Effect of Amendment The 2011 amendment rewrote the section.
Nearby Sections
7
§ 59-142-10
Need based grants; qualifications.§ 59-142-20
Promulgation of regulations.§ 59-142-30
Assessment of need.§ 59-142-40
Funds allocation methodology.§ 59-142-60
Unlawful use of grant.