South Carolina Statutes
§ 59-21-430 — Use of funds within specified time.
Any funds received pursuant to this section must be expended or contractually committed within forty-eight months of the appropriation provided for school buildings under the South Carolina Education Improvement Act of 1984. No school district may use the funds allocated for school building purposes for operational, instructional, or any purposes other than those enumerated in Section 59-21-420. Any school district using these funds as herein prohibited is prohibited from receiving any other funds under the South Carolina Education Improvement Act of 1984 until the school district has reimbursed the Education Improvement Act of 1984 Fund for the funds allocated for school building purposes it has received pursuant to the South Carolina Education Improvement Act of 1984.
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South Carolina § 59-21-430 (Use of funds within specified time.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1984 Act No. 512, Part II, SECTION 9, Division II, Subdivision G, SubPart 1, SECTION 3.
Nearby Sections
15
§ 59-21-10
"School" defined.§ 59-21-1010
Disposition and allocation of revenues; special vote required to amend or repeal this section.§ 59-21-1020
Department of Education to monitor and audit disbursements; reversion of unexpended appropriations.§ 59-21-1030
Level of financial effort per pupil required of each school district; application for waiver.§ 59-21-110
Allowance for supervision and overhead.§ 59-21-120
Allowance for maintenance and operation.§ 59-21-1210
Campus incentive program established; funding.§ 59-21-130
Disbursement to counties.