South Carolina Statutes
§ 59-21-350 — Purposes for which grants may be used.
The sums credited by the Board to each school district, under the provisions of Sections 59-21-340 and 59-71-550, shall remain available to school districts until requisitioned by them for purposes approved by the Board. Such funds shall be available for the following purposes only and in the following order of priority:
(a)To be applied on the financing of capital improvements approved by the Board;
(b)to pay principal and interest of school district indebtedness represented by bonds or notes issued before July 1, 1951 for any capital improvement or bonds or notes issued on or after July 1, 1951 for capital improvements approved by the Board.
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South Carolina § 59-21-350 (Purposes for which grants may be used.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 21-275; 1952 Code SECTION 21-275; 1951 (47) 546; 1967 (55) 719.
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.