South Carolina § 59-21-320 Annual grant for financing needed capital improvements.

South Carolina Statutes

§ 59-21-320 — Annual grant for financing needed capital improvements.

South Carolina § 59-21-320

Title 59EDUCATION

Ch. 21STATE AID FOR SCHOOLS

This text of South Carolina § 59-21-320 (Annual grant for financing needed capital improvements.) 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. § 59-21-320 (2026).

Text

In order to assist school districts in financing needed capital improvements, the General Assembly shall annually allocate to the Board a sum equivalent to thirty dollars multiplied by the number of pupils enrolled in grades one through twelve of the public schools and, effective beginning in Fiscal Year 1988-89, fifteen dollars multiplied by the number of students enrolled in public kindergarten programs. The calculation must be based on the one hundred thirty-five day count of the average daily membership during the school year ending in the calendar year prior to the calendar year in which the fiscal year begins. In no year may the amount allocated be less than the total sum required to meet principal and interest payments becoming due to that fiscal year on state school bonds.

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In order to assist school districts in financing needed capital improvements, the General Assembly shall annually allocate to the Board a sum equivalent to thirty dollars multiplied by the number of pupils enrolled in grades one through twelve of the public schools and, effective beginning in Fiscal Year 1988-89, fifteen dollars multiplied by the number of students enrolled in public kindergarten programs. The calculation must be based on the one hundred thirty-five day count of the average daily membership during the school year ending in the calendar year prior to the calendar year in which the fiscal year begins. In no year may the amount allocated be less than the total sum required to meet principal and interest payments becoming due to that fiscal year on state school bonds.

Legislative History

HISTORY: 1962 Code SECTION 21-272; 1952 Code SECTION 21-272; 1951 (47) 546; 1953 (48) 181; 1967 (55) 719; 1969 (56) 444; 1984 Act No. 512, Part II, SECTION 9, Division II, Subdivision G, SubPart 1, SECTION 2; 1988 Act No. 658, Part II, SECTION 7.