South Carolina § 59-4-65 Discontinuing fund; contributor refunds and deficiencies.

South Carolina Statutes

§ 59-4-65 — Discontinuing fund; contributor refunds and deficiencies.

South Carolina § 59-4-65

Title 59EDUCATION

Ch. 4SOUTH CAROLINA TUITION PREPAYMENT PROGRAM

This text of South Carolina § 59-4-65 (Discontinuing fund; contributor refunds and deficiencies.) 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. § 59-4-65 (2026).

Text

In the event the State of South Carolina determines by law or otherwise that the fund should be discontinued and all tuition prepayment contracts canceled, contributors shall be entitled to a refund of all payments to the fund plus interest on these contributions from the date payment is made at the rate of four percent per annum. Notwithstanding any other provision of this chapter or of law, if the fund does not have sufficient monies to make such refunds, the deficiencies shall be paid from the general fund of the State.

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In the event the State of South Carolina determines by law or otherwise that the fund should be discontinued and all tuition prepayment contracts canceled, contributors shall be entitled to a refund of all payments to the fund plus interest on these contributions from the date payment is made at the rate of four percent per annum. Notwithstanding any other provision of this chapter or of law, if the fund does not have sufficient monies to make such refunds, the deficiencies shall be paid from the general fund of the State.