South Carolina § 59-142-40 Funds allocation methodology.

South Carolina Statutes

§ 59-142-40 — Funds allocation methodology.

South Carolina § 59-142-40

Title 59EDUCATION

Ch. 142STUDENTS FIRST FINANCIAL RESOURCES FOR SCHOLARSHIPS AND TUITION

This text of South Carolina § 59-142-40 (Funds allocation methodology.) 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. § 59-142-40 (2026).

Text

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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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.

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.