reglab/statecodes huggingface dataset:
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-70. Abatement of rates for nonresidents on scholarship. waiver for students participating in international Sister-State agreement or student exchange programs.

(A) Notwithstanding other provisions of this chapter, the governing boards listed in Section 59-112-10(A), are authorized to adopt policies for the abatement of any part or all of the out-of-state rates for students who are recipients of scholarship aid.
(B) State-supported colleges and universities, including the technical colleges, may waive the nonresident portion of tuition and fees for those students who are participating in an international Sister-State agreement program which the Governor and the General Assembly have entered to promote the economic development of South Carolina. The nonresident fee waiver for the students is applicable only for those Sister-State agreements where South Carolina students receive reciprocal consideration. The Commission on Higher Education, through coordination with the State Fiscal Accountability Authority, will annually notify institutions of the Sister-State agreements eligible for the nonresident fee waiver. The credit hours generated by these students must be included in the Mission Resource Requirement for funding.
(C) State-supported colleges and universities that have an established and ongoing relationship in one or more degree programs with an international institution, the terms of which have been formally approved by the institution's board of trustees, and a relationship that includes regular arrangements for the enrollment of qualified students and the exchange of faculty between the institutions, although not necessarily in equal exchange numbers, may waive the nonresident portion of tuition and fees for nonresident students enrolled in the program.
HISTORY: 1978 Act No. 466, Section 7; 2002 Act No. 356, Section 1, Part II.F; 2008 Act No. 353, Section 2, Pt 1.E.1, eff July 1, 2008.
Effect of Amendment
The 2008 amendment added subsection (C) relating to foreign student exchange programs.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-80. Administration of chapter; burden of proving eligibility on students.

Each State Institution shall designate an official to administer the provisions of this chapter. Students making application to pay tuition and fees at in-state rates shall have the burden of proving to the satisfaction of the aforesaid officials of State Institutions that they have fulfilled the requirements of this chapter before they shall be permitted to pay tuition and fees at such rate.
HISTORY: 1978 Act No. 466, Section 8.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-90. Penalties for willful misrepresentations.

Where it appears to the satisfaction of officials charged with administration of these provisions that a person has gained domiciliary status improperly by making or presenting willful misrepresentations of fact, such persons shall be charged tuition and fees past due and unpaid at the out-of-state rate, plus interest at a rate of eight percent per annum, plus a penalty amounting to twenty-five percent of the out-of-state rate for one semester; and until these charges have been paid no such student shall be allowed to receive transcripts or graduate from any State Institution.
HISTORY: 1978 Act No. 466, Section 9.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-110. University of South Carolina's Aiken Campus and Aiken Technical College; in-state tuition for certain Georgia residents.

The University of South Carolina's Aiken Campus and Aiken Technical College may offer in-state tuition to a student whose legal residence is in the Richmond/Columbia County area of the State of Georgia as long as the Georgia Board of Regents continues its Georgia Tuition Program by which in-state tuition is offered to students residing in the Aiken/Edgefield/McCormick County area of the State of South Carolina, or students residing in the Aiken/Edgefield County area of the State of South Carolina if the Georgia Board of Regents does not include McCormick County residents in its Georgia Tuition Program.
HISTORY: 2002 Act No. 356, Section 1, Part II.B.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-115. Vote on tuition change.

When the governing board of a public institution of higher learning, excluding technical colleges, adopts a change to the tuition or fees imposed on students, the change may be implemented by the institution only after a public vote with the number of trustees voting for and against the change being counted. A majority vote is required to implement any change to the tuition or fees. For technical colleges, when the local area commission of a technical college adopts a change to the tuition or fees imposed on students, the change may be implemented by the technical college only after a public vote with the number of local area commissioners voting for and against the change being counted. A majority vote is required to implement any change to the tuition or fees. A change to tuition or fees adopted by the local area commission must be reported to the State Board for Technical and Comprehensive Education within five business days.
HISTORY: 2011 Act No. 74, Pt VI, Section 11, eff August 1, 2011.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-120. In-state tuition at technical colleges for bordering state residents.

The South Carolina Technical Colleges may offer in-state rates to residents of bordering North Carolina and Georgia communities if a reciprocal agreement is in effect with the two-year colleges in these neighboring regions or when students from these out-of-state communities are employed by South Carolina employers who pay South Carolina taxes.
HISTORY: 2008 Act No. 353, Section 2, Pt 1.G.1, eff July 1, 2008.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-130. Institutions with law schools; fee waivers.

A public institution of higher learning with a law school may offer fee waivers to no more than four percent of the law school student body. This waiver does not affect the capacity of the fee waivers for four percent of the undergraduate student body. This waiver must not be applied to fees for out-of-state students.
HISTORY: 2008 Act No. 353, Section 2, Pt 1.H, eff July 1, 2009.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-140. Caterpillar Dealer Academy.

The area commission for the Florence-Darlington Technical College may waive the requirements of this chapter for student participants in the Caterpillar Dealer Academy operated by Florence-Darlington Technical College.
HISTORY: 2011 Act No. 74, Pt VI, Section 15, eff August 1, 2011.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 112 - Determination Of Rates Of Tuition And Fees › Section 59-112-150. School tuition; boundary clarification.

(A) Notwithstanding any other provision of law, independent persons and their dependents formerly domiciled in South Carolina counties who are residing in North Carolina counties as a result of the clarified North Carolina-South Carolina boundary as contained in the amendments in Section 1-1-10, effective January 1, 2017, may be considered eligible for instate tuition rates for a period of up to ten years from January 1, 2017. To be eligible for instate tuition rates, these persons must have been domiciled and reside on property in South Carolina in accordance with this chapter immediately prior to January 1, 2017, and must maintain residence and domicile on that same property within North Carolina.
(B) Notwithstanding any other provision of law, independent persons and their dependents previously domiciled on property in North Carolina which is located in South Carolina as a result of the North Carolina-South Carolina boundary clarification, for a period of two years from January 1, 2017, are eligible for instate tuition rates without the requirement of residency and domicile for twelve months in this State provided these independent persons have evidenced the intent to establish domicile in South Carolina in accordance with this chapter. To be eligible under this section, these persons must reside on the same property that was in North Carolina immediately prior to January 1, 2017. To maintain eligibility for instate tuition rates longer than the two years permitted under this section, the independent persons and their dependents must satisfy the requirements of Section 59-112-20.
(C) The provisions established under subsections (A) and (B) are not transferable to persons other than those independent persons and their dependents falling within the scope of those provisions.
(D) Should the domicile and residence of independent persons and their dependents change from the property affected by the boundary clarification, maintenance of eligibility for instate tuition rates must be determined as provided in Section 59-112-20.
(E) Persons eligible for instate tuition rates pursuant to this section may be eligible for state-supported scholarships and grants provided all other eligibility requirements are met.
HISTORY: 2016 Act No. 270 (S.667), Section 22, eff January 1, 2017.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-10. Higher Education Tuition Grant Commission.

There is created a Higher Education Tuition Grant Commission consisting of eight representatives of the independent institutions of higher learning in the State who choose to come under the provisions of this chapter. In addition, the membership of the commission includes one ex officio member who must be the chief executive officer of the State Commission on Higher Education or his designee. The terms of the representatives of the institutions are for three years and until their successors are selected and qualify. The membership of the commission must be rotated among the participating institutions. The commission shall administer the provisions of this chapter and shall make those regulations as may be necessary in order to carry out the intent of this chapter. The commission is responsible solely to the General Assembly and shall report to that body at least annually.
HISTORY: 1962 Code Section 22-91; 1970 (56) 2579; 1988 Act No. 464, Section 1; 1988 Act No. 629, Section 4; 1991 Act No. 248, Section 6.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-20. Qualifications of applicants for grants.

The State of South Carolina shall grant an amount, as provided in this chapter, to any applicant who meets the following qualifications:
(a) has been a resident of South Carolina for at least one year;
(b) is of good moral character;
(c) has demonstrated qualities of academic merit and financial need;
(d) has been accepted by or is registered in a South Carolina independent institution of higher learning as a full-time student whose academic programs are not comprised solely of sectarian instruction;
(e) is not enrolled in a course of study leading to a degree in theology, divinity, or religious education; and
(f) has not been adjudicated delinquent or been convicted or pled guilty or nolo contendere to any felonies or any second or subsequent alcohol or drug-related offenses under the laws of this or any other state or under the laws of the United States in order to be eligible for a South Carolina tuition grant, except that a high school or college student otherwise qualified who has been adjudicated delinquent or has been convicted or pled guilty or nolo contendere to a second or subsequent alcohol or drug-related misdemeanor offense nevertheless shall be eligible or continue to be eligible for such grants after the expiration of one academic year from the date of the adjudication, conviction, or plea.
HISTORY: 1962 Code Section 22-92; 1970 (56) 2579; 2000 Act No. 289, Section 3(B); 2007 Act No. 103, Section 18, eff July 1, 2007.
Effect of Amendment
The 2007 amendment, in item (f), added "second or subsequent" in two places.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-30. Students covered by chapter; amount of grants; adjustment for scholarships.

(A) The provisions of this chapter apply to students entering college as freshmen during the 1970-71 academic year.
(B) The amount of the grant to be paid for each semester, or appropriate academic term, must be determined by the Higher Education Tuition Grant Commission and the Commission shall award the maximum amount permissible under its regulations or the determined need of the student, whichever is less.
(C) The maximum amount may not exceed the average state appropriation for each full-time student enrolled in the state-supported institutions of higher learning with four-year undergraduate degree programs in the previous year. The tuition grants must be calculated annually by the Commission.
(D) The need of each applicant must be determined by acceptable need analysis such as the parents' confidential statement and such other analyses as the Commission may determine.
(E) An adjustment must be made in the tuition grant of any student awarded a scholarship from any other source if the combination of grants and awards exceeds the calculated need of the student. If the scholarship is for only a portion of tuition and fees, the student may qualify for a proportionate tuition grant in accordance with the provisions of this chapter.
HISTORY: 1962 Code Section 22-93; 1970 (56) 2579; 1988 Act No. 464, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-40. Misapplication of grants.

It shall be unlawful for any person to obtain, attempt to obtain, expend or attempt to expend, any tuition grant provided by this chapter for any purpose other than in payment of, or reimbursement for, the tuition cost of the student to whom such scholarship has been awarded at the institution the student is authorized to attend under the tuition grant.
HISTORY: 1962 Code Section 22-94; 1970 (56) 2579.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-45. Disbursement of funds; awards of accrued interest on undisbursed funds.

South Carolina Tuition Grant funds shall be disbursed to eligible students on a semester-by-semester basis. Interest accruing on the balance of undisbursed tuition grant funds on deposit with the State Treasurer's office from September fifteenth through December thirty-first shall be calculated by the State Treasurer's office and transferred within thirty days to the South Carolina Tuition Grant Commission to be awarded as tuition grants to eligible students.
HISTORY: 1998 Act No. 419, Part II, Section 8A.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-47. Exemption from mid-year budget reductions.

The grant funds appropriated pursuant to this chapter are exempt from mid-year budget reductions.
HISTORY: 2008 Act No. 353, Section 2, Pt 2.A, eff July 1, 2009.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 113 - Tuition Grants › Section 59-113-50. "Independent institution of higher learning" defined.

For the purposes of this chapter, an independent institution of higher learning means an:
(1) independent eleemosynary junior or senior college in South Carolina whose major campus and headquarters are located within South Carolina and which is accredited by the Southern Association of Colleges and Secondary Schools; or
(2) independent bachelor's level institution chartered before 1962 whose major campus and headquarters are located within South Carolina.
HISTORY: 1962 Code Section 22-95; 1970 (56) 2579; 1988 Act No. 464, Section 3; 2007 Act No. 42, Section 1, eff June 4, 2007.
Effect of Amendment
The 2007 amendment designated item (1) and added item (2).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-10. Short title.

This chapter may be cited as the "South Carolina National Guard College Assistance Program Act".
HISTORY: 1979 Act No. 199, Part II, Section 5; 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year.
Effect of Amendment
The 2007 amendment substituted "College Assistance Program" for "Tuition Assistance".
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-20. Definitions.

As used in this chapter:
(1) "Academic year" means a period of three hundred sixty-five days beginning with the first day of enrollment for a course of instruction by a National Guard member.
(2) "College assistance program" means the South Carolina National Guard College Assistance Program.
(3) "Commission" means the South Carolina Commission on Higher Education.
(4) "Eligible institution" means:
(a) a public institution of higher learning as defined in Section 59-103-5 and an independent institution of higher learning as defined in Section 59-113-50; and
(b) a public or independent bachelor's level institution chartered before 1962 whose major campus and headquarters are located within South Carolina; or an independent bachelor's level institution which was incorporated in its original charter in 1962, was granted a license to operate in 1997 by the Commission on Higher Education, has continued to maintain a campus in South Carolina, and is accredited by the Southern Association of Colleges and Secondary Schools. Institutions whose sole purpose is religious or theological training, or the granting of professional degrees do not meet the definition of 'public or independent institution' for purposes of this chapter.
(5) "National Guard" means South Carolina Army or Air National Guard.
(6) "Tuition and fees" means the amount charged for registering for credit hours of instruction, costs of textbooks, and other fees and charges associated with attendance at an eligible institution as approved by the commission.
HISTORY: 1979 Act No. 199, Part II, Section 5; 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year.
Effect of Amendment
The 2007 amendment rewrote this section.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-30. College assistance program grants; restrictions.

Qualifying members of the National Guard may receive college assistance program grants up to an amount equal to one hundred percent of college tuition and fees, provided, however, the total of all grants received may not exceed eighteen thousand dollars. A member may not qualify for college assistance program grants for more than one hundred thirty semester hours or related quarter hours. Grants are not to be awarded for graduate degree courses. A new application must be submitted for each separate academic year prior to the beginning of the academic year. The annual maximum grant must be determined for each academic year based on the amount of available program funds.
HISTORY: 1979 Act No. 199, Part II, Section 5; 1997 Act No. 155, Part II, Section 53A; 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year; 2014 Act No. 151 (H.3784), Section 1, eff April 7, 2014.
Effect of Amendment
The 2007 amendment rewrote this section.
2014 Act No. 151, Section 1, in the second to the last sentence, added "prior to the beginning of the academic year", and added the last sentence, relating to annual maximum grant.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-40. Qualification requirements.

(A) Members of the National Guard enrolled or planning to enroll in an eligible institution may apply to the commission for a college assistance program grant. To qualify, an applicant must:
(1) be in good standing with the active National Guard at the beginning of each academic year and remain a member in good standing with the active National Guard throughout the entire academic year for which benefits are payable;
(2) have valid tuition and fee expenses from an eligible institution;
(3) maintain a cumulative grade point average that the institution requires to remain as a student; and
(4) satisfy additional eligibility requirements as may be promulgated by the commission.
(B) Individuals joining the National Guard become eligible for college assistance program grants upon completion of basic training and Advanced Individual Training (AIT). Enlisted personnel shall continue their service in the National Guard during the term of the courses covered by the grant received. Officers shall continue their service with the National Guard for at least four years after completion of the most recent grant awarded or degree completion.
(C) National Guard members receiving a full Reserve Officer's Training Corps (ROTC) scholarship are not eligible for college assistance program grants.
HISTORY: 1979 Act No. 199, Part II, Section 5; 1997 Act No. 155, Part II, Section 53B; 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year; 2014 Act No. 151 (H.3784), Section 2, eff April 7, 2014.
Effect of Amendment
The 2007 amendment rewrote this section.
2014 Act No. 151, Section 2, in subsection (B), substituted "upon completion of basic training and Advanced Individual Training (AIT)" for "on the day of enlistment".
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-65. Grants dependent on availability of funds; administration costs.

Grants provided pursuant to this chapter are subject to the availability of funds appropriated by the General Assembly. Funds appropriated for the college assistance program may be carried forward and expended for the same purpose. If a midyear budget reduction is imposed by the General Assembly or the Executive Budget Office, as appropriate, the appropriations for the college assistance program are exempt. Up to five percent of the amount appropriated to the college assistance program may be used to defray administrative costs incurred by the commission associated with the implementation of this chapter.
HISTORY: 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year; 2014 Act No. 151 (H.3784), Section 3, eff April 7, 2014.
Effect of Amendment
2014 Act No. 151, Section 3, added the second and third sentences, relating to the carry forward of funds and midyear budget reduction.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 114 - South Carolina National Guard College Assistance Program Act › Section 59-114-75. Grants to institutions; recovery of funds upon withdrawal of student; promulgation of regulations.

The commission shall disburse grants awarded pursuant to this chapter to the eligible institutions to be placed in an account established for each eligible student. In the event that a student who has received a grant withdraws, is suspended, or otherwise becomes ineligible, the institution must reimburse the college assistance program for the amount of the grant for the applicable term pursuant to the refund policies of the institution. The institution is responsible for collecting any amount due to the institution from the student. The commission shall administer the provisions of this chapter and shall promulgate regulations necessary to implement the provisions of this chapter.
HISTORY: 2001 Act No. 41, Section 2; 2007 Act No. 40, Section 1, eff June 4, 2007, applicable beginning with the 2007-2008 academic year.
Effect of Amendment
The 2007 amendment rewrote this section.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-20. Definitions.

The following words and terms shall, unless the context otherwise requires, have the following meanings:
(1) "Authority" means the State Fiscal Accountability Authority, acting as the State Education Assistance Authority.
(2) "Eligible institution" shall mean (a) any institution of higher learning or post-secondary business, trade or technical educational schools; and (b) vocational and training schools, which shall have received the approval as such by the Authority.
Eligible institutions may be located within or beyond the boundaries of South Carolina.
(3) "Loan fund" shall mean the State Education Assistance Authority loan fund which shall be established as provided by Section 59-115-60.
(4) "Revenue bonds" or "student loan revenue bonds" shall mean revenue bonds of the Authority issued under the provisions of this chapter, including revenue refunding bonds.
(5) "Sinking fund" shall mean the fund established pursuant to Section 59-115-70 in order to provide for the payment of the principal and interest of revenue bonds.
(6) "Student" means any qualifying student in attendance at any eligible institution.
(7) "Student loans" means loans made to students for the purpose of enabling them to attend eligible institutions.
(8) "Loan Guarantee Reserve Fund" shall mean the state education assistance authority loan guarantee reserve fund which shall be established as provided by Section 59-115-70.
HISTORY: 1962 Code Section 22-96.1; 1971 (57) 775; 1978 Act No. 474, Section 2; 1987 Act No. 195, Section 2; 2014 Act No. 121 (S.22), Pt VII, Section 20.O.1, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 20.O.1, in subsection (1), substituted "means the State Fiscal Accountability Authority" for "shall mean the State Budget and Control Board of South Carolina".
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-40. State Education Assistance Authority.

There is hereby created a body politic and corporate to be known as the State Education Assistance Authority (authority). The authority is hereby declared to be a public instrumentality of the State and the exercise by the authority of any power conferred herein shall be deemed and held to be the performance of an essential public function. The authority shall consist of the members, from time to time, of the State Fiscal Accountability Authority, ex officio.
HISTORY: 1962 Code Section 22-96.3; 1971 (57) 775; 2014 Act No. 121 (S.22), Pt VII, Section 20.O.2, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 20.O.2, substituted "Fiscal Accountability Authority" for "Budget and Control Board of South Carolina", and made other nonsubstantive changes.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-50. Powers of Authority.

The Authority shall be empowered as follows:
(a) To make student loans under such terms and conditions as the Authority shall from time to time prescribe;
(b) To insure student loans under such terms and conditions as the Authority shall from time to time prescribe;
(c) To guarantee student loans under such terms and conditions as the Authority shall from time to time prescribe;
(d) To acquire contingent interest in student loans from banks or other lending institutions (up to one hundred percent of the face amount thereof) under such terms and conditions as the Authority shall from time to time prescribe;
(e) To develop and administer all programs and to perform all functions necessary or convenient to promote and facilitate the making, guaranteeing and insuring of student loans and to provide such other student loan assistance and services as the authority shall deem necessary or desirable and to enable it to qualify for loans, grants, insurance and other benefits and assistance under any program of the United States now or hereafter authorized fostering student loans;
(f) To appoint one or more banking institutions as its fiscal agent to perform such functions with respect to student loans and its revenue bonds as the Authority shall from time to time prescribe; and
(g) To approve as eligible, institutions otherwise qualified as such.
(h) To sell or otherwise hypothecate student loans or other securities held by the authority in any fund created hereby.
HISTORY: 1962 Code Section 22-96.4; 1971 (57) 775; 1978 Act No. 474, Sections 3, 4.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-60. State Education Assistance Authority Loan Fund.

There shall be established and maintained by the authority a fund which shall be designated the "State Education Assistance Authority Loan Fund". There shall be deposited to the credit of the loan fund the proceeds, exclusive of accrued interest, derived from the sale of the revenue bonds of the authority and any other moneys made available to the authority for making student loans.
There also may be deposited in the loan fund the "spread" or difference between the average rate of interest paid by the authority on its revenue bonds and the interest received by the authority on student loans as well as any state appropriated funds or other funds made available for administration of the loan program authorized herein.
Moneys in the loan fund shall be used only for the following purposes:
(a) To make direct loans to students.
(b) To make loans to any not-for-profit corporate entity approved by the authority for the purpose of enabling the entity to make student loans on terms and under conditions approved by the authority.
(c) To defray the expenses of operation and administration of the authority and its programs for which other funds are not available to the authority.
(d) To remedy any deficiency in the loan guarantee reserve fund.
(e) To remedy any deficiency in the sinking fund.
Pending the use of moneys in the loan fund for any of its authorized purposes the moneys shall be invested and reinvested by the State Treasurer. All earnings from the investments shall be added to and become a part of the loan fund.
HISTORY: 1962 Code Section 22-96.5; 1971 (57) 775; 1978 Act No. 474, Section 5.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-70. Sinking fund; State Education Assistance Authority Loan Guarantee Reserve Fund.

Prior to the issuance of any revenue bonds a sinking fund shall be established, the custodian of which shall be the State Treasurer. There shall be deposited in the sinking fund the revenues from all of the sources pledged for the payment of the revenue bonds including all moneys received directly or indirectly by way of principal and interest, exclusive of the "spread" referred to in Section 59-115-60, from the repayment of student loans. Except to the extent of any surplus therein, moneys in the sinking fund shall be used for the sole purpose of paying the principal of and interest on revenue bonds of the authority from time to time outstanding.
In the event that the authority shall undertake to guarantee student loans, there shall be established and maintained by the authority a trust fund which shall be designated the "State Education Assistance Authority Loan Guarantee Reserve Fund". The fund shall be used by the authority to remedy defaults on student loans to the extent such defaulted loans are not covered by any existing or future program of federal insurance or reinsurance. There shall be deposited to the credit of the loan guarantee reserve fund all premiums received by the authority for guaranteeing student loans and all moneys made available to the authority for the guaranteeing of student loans including federal funds made available for such purpose. Moneys in the fund shall not be pledged to the repayment of the authority's revenue bonds, but if all liability of the authority to remedy defaults on student loans have been extinguished such moneys remaining in the loan guarantee reserve fund shall be deposited in the sinking fund. The liability of the State upon its obligation to guarantee student loans shall not constitute a pledge of the faith and credit of the State but shall be payable solely from moneys in the loan guarantee reserve fund.
HISTORY: 1962 Code Section 22-96.6; 1971 (57) 775; 1978 Act No. 474, Section 6.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-90. Bond resolution; custody of moneys received; expenses payable from loan fund.

The resolution providing for the issuance of such bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper, including covenants setting forth the duties of the authority in relation to the purchase or sale of obligations, the making of student loans, the insurance or guarantee of student loans, the fees, charges and premiums to be fixed and collected, the terms and conditions for the issuance of additional bonds and the custody, safeguarding and application of all moneys. It shall be lawful for any bank or trust company incorporated under the laws of the State which may act as depository of the proceeds of bonds, revenues or other money hereunder to furnish such indemnifying bonds or to pledge such securities as may be required by the authority. Any such resolution may set forth the rights and remedies of the bondholders and may restrict the individual right of action by bondholders. All expenses incurred in carrying out the provisions of such resolution may be treated as a part of the cost of administering this chapter and may be payable, together with other expenses of operation and administration under this chapter incurred by the authority, from the loan fund.
HISTORY: 1962 Code Section 22-96.8; 1971 (57) 775; 1978 Act No. 474, Section 9.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-100. Fees, charges, interest, and premiums; contracts with United States and others; pledge of money in sinking fund.

The authority is authorized to fix and collect fees, charges, interest and premiums for making, insuring or guaranteeing student loans, purchasing, endorsing or guaranteeing obligations and any other services performed under this chapter. The authority is further authorized to contract with the United States of America or any agency or officer thereof and with any person, partnership, association, banking institution or other corporation respecting the carrying out of the authority's functions under this chapter. The authority shall at all times endeavor to fix and collect such fees, charges, receipts, premiums and other income so as to have available in the sinking fund at all times an amount which, together with any other funds made available therefor, shall be sufficient to pay the principal of and interest on such bonds as they shall become due and payable and to create reserves for such purposes. Money in the sinking fund, except such part thereof as may be necessary to provide such reserves for the bonds as may be provided for in the resolution authorizing the issuance of such bonds, shall be set aside in the sinking fund at such regular intervals as may be provided in such resolution and is hereby pledged to, and charged with, the payment of the principal of and interest on such bonds as they shall become due and the redemption price or the purchase price of bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made. The fees, charges, receipts, proceeds and other revenues and moneys so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the authority, irrespective of whether such parties have notice thereof. The resolution by which a pledge is created need not be filed or recorded except that a record of the proceedings covering the issuance of the bonds shall be filed in the office of the Secretary of State of South Carolina, as required by Section 11-15-20. The use and disposition of money to the credit of the sinking fund shall be subject to the provisions of the resolution authorizing the issuance of such bonds. Any such resolution may, in the discretion of the authority, provide for the transfer of surplus money in the sinking fund to the credit of the loan fund. Except as may otherwise be provided in such resolution, such sinking fund shall be a fund for all such bonds without distinction or priority.
HISTORY: 1962 Code Section 22-96.9; 1971 (57) 775; 1978 Act No. 474, Section 10.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-110. All money received deemed trust funds; investment of funds.

Notwithstanding any other provisions of law to the contrary, all money received pursuant to the authority of the chapter, whether as proceeds from the sale of bonds, sale of property or insurance, or as payments of student loans, whether principal, interest or penalties, if any, thereon, or as insurance premiums, or from the purchase or sale of obligations, or as any other receipts or revenues derived hereunder, shall be deemed as trust funds to be held and applied solely as provided in this chapter. The resolution authorizing the bonds of any issue may provide that any of such money may be temporarily invested in securities authorized by Sections 6-5-10 to 6-5-40, pending the disbursement thereof and shall provide that any officer with whom, or any bank or trust company with which, such money shall be deposited shall act as trustee of such money and shall hold and apply the money for the purposes hereof, subject to such regulations as this chapter and such resolution may provide.
HISTORY: 1962 Code Section 22-96.10; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-120. Rights of bondholders.

Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining thereto, except to the extent the rights herein given may be restricted by such resolution authorizing the issuance of such bonds, may either at law or in equity, by suit, action, mandamus or other proceedings, protect and enforce any and all rights under the laws of the State or granted hereunder or under such resolution authorizing the issuance of such bonds, or under any contract executed by the Authority pursuant to this chapter, and may enforce and compel the performance of all duties required by this chapter or by such resolution to be performed by the Authority or any officer thereof, including the fixing, charging and collecting of fees, charges and premiums and the collection of principal, interest and penalties, if any, on student loans or obligations evidencing such loans.
HISTORY: 1962 Code Section 22-96.11; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-130. Bonds as negotiable instruments.

Notwithstanding any of the foregoing provisions of this chapter or any recitals in any bonds issued under the provisions of this chapter, all revenue bonds and interest coupons appertaining thereto shall be and are hereby made negotiable instruments under the laws of this State.
HISTORY: 1962 Code Section 22-96.12; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-140. Bonds as legal investments.

Bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any State or municipal officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or obligations of the State is now or may hereafter be authorized by law.
HISTORY: 1962 Code Section 22-96.13; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-150. Security for bonds.

Notwithstanding any other provision to the contrary herein, the Authority is hereby authorized to pledge as security for any bonds issued hereunder any contract between the Authority and the United States of America under which the United States agrees to make funds available to the Authority for any of the purposes of this chapter, to insure or guarantee the payment of principal of or interest on student loans, or otherwise to aid in promoting or facilitating student loans.
HISTORY: 1962 Code Section 22-96.14; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-160. Liability of State and Authority; expenses of Authority.

Bonds issued under the provisions of this chapter shall not be deemed to constitute a debt, liability or obligation of the State or of any political subdivision, but shall be payable solely from the revenues and other funds provided therefor. Each bond issued under this chapter shall contain on the face a statement to the effect that the Authority shall not be obligated to pay the principal of the bond nor the interest thereon except from the revenues, proceeds and other funds pledged therefor and neither the faith and credit nor the taxing power of the State or of any political subdivision is pledged to the payment of the principal of or the interest on such bonds. Expenses incurred by the Authority in carrying out the provisions of this chapter may be made payable from funds provided pursuant to this chapter and no liability or obligations shall be incurred by the Authority beyond the extent to which moneys shall have been so provided.
HISTORY: 1962 Code Section 22-96.15; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 115 - State Education Assistance Act › Section 59-115-180. Annual report of Authority; audit.

The Authority shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor and the General Assembly. Each such report shall set forth a complete operating and financial statement covering the operation of the Authority during such year. The Authority shall cause an audit on its books and accounts to be made at least once in each year by the State Auditor or by certified public accountants.
HISTORY: 1962 Code Section 22-96.17; 1971 (57) 775.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 116 - Campus Security Department › Section 59-116-10. Definitions.

As used in this chapter:
(1) "Campus" means the grounds and buildings owned and occupied by a college or university for education purposes and streets and roads through and contiguous to the grounds.
(2) "College or university" means a state chartered two or four-year private educational institution of higher learning located in this State.
(3) "Campus police officer" means an employee of a college or university whose duties include the enforcement of the laws of this State; the preservation of public order; the protection of life and property; the prevention, detection, or investigation of crime; or a combination of those duties. It does not include personnel of a private company which provides security services on a contract basis for the institution concerned.
HISTORY: 1989 Act No. 131, Section 1.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 116 - Campus Security Department › Section 59-116-20. Authority to establish campus safety department and employ security officers; officers to be commissioned constables; jurisdiction.

The board of trustees of each college or university may establish a safety and security department and appoint and employ campus police officers to carry out the functions of the department. While on duty, campus police officers shall wear distinctive uniforms prescribed by the board of trustees or its designees.
The officers must be commissioned as constables pursuant to Section 23-1-60 and take the oath of office prescribed by law and the state Constitution for those officers. The jurisdiction of such a constable is limited to the campus grounds and streets and roads through and contiguous to them.
HISTORY: 1989 Act No. 131, Section 1.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 116 - Campus Security Department › Section 59-116-30. Authority, powers, and duties of campus police officers.

(A) Campus police officers are peace officers. While in the performance of the duties of their employment, they have all the powers of municipal and county police officers to make arrests for both felonies and misdemeanors and possess all of the common law and statutory powers, privileges, and immunities of police officers. Campus police officers shall:
(1) preserve the peace, maintain order, and prevent unlawful use of force or violence or other unlawful conduct on the campuses of their respective institutions and protect all persons and property located there from injury, harm, and damage;
(2) enforce and assist the officials of their respective institutions in the enforcement of the laws of the State and county and municipal ordinances, and the lawful regulations of the institution, and assist and cooperate with other law enforcement agencies and officers. Campus police officers shall exercise powers granted in this chapter only upon the real property owned by their respective institutions as defined in item (1) of Section 59-116-10.
(B) Campus police officers may arrest persons outside the territory described in subsection (A) when the person arrested has committed a criminal offense within that territory, and the arrest is made during the person's immediate and continuous flight from that territory.
(C) Safety and security departments created and operated by the boards of trustees of institutions under this chapter for the purposes of this chapter are campus police departments and the sworn campus police officers of the department are campus police officers.
(D) Campus police officers may designate and operate emergency vehicles and patrol cars in the manner provided by law for municipal and county law enforcement officers. Such a vehicle must bear distinctive and conspicuous lettering which reads "campus police" on the sides and rear of the vehicle.
The provisions of this chapter may not be construed as a diminution or modification of the authority or responsibility of a municipal police department, sheriff, constable, or other peace officer either on the property of an institution or otherwise.
HISTORY: 1989 Act No. 131, Section 1.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 116 - Campus Security Department › Section 59-116-40. Qualifications for employment as campus police officer.

At the time of their employment campus police officers authorized to exercise the powers granted in Section 59-116-30 must:
(1) be not less than twenty-one years of age;
(2) have completed successfully the training requirements of the South Carolina Criminal Justice Academy or which may be prescribed for campus police by the South Carolina Law Enforcement Training Council;
(3) be commissioned as a constable as provided for in Section 59-116-20;
(4) possess additional qualifications prescribed by the governing board of the institution by whom they are employed.
HISTORY: 1989 Act No. 131, Section 1.