S.C. Code Ann. § 13-1-2220: South Carolina Science, Technology, Engineering, and Mathematics (STEM) Education Fund.

(A) There is created in the State Treasury the "South Carolina Science, Technology, Engineering, and Mathematics (STEM) Education Fund" (Fund). The fund is separate and distinct from the general fund of the State and all other funds. The fund shall consist of appropriations and donations, contributions, bequests, or other gifts. Earnings and interest on the fund must be credited to it and any balance in this fund at the end of the fiscal year carries forward in the fund in the succeeding fiscal year.

(B) Monies in the fund must be expended solely to support the programs and priorities of the State in the advancement of science, technology, engineering, and mathematics for the purposes provided in this article.

(C) The coalition may accept funds from other public entities and may accept private donations, contributions, bequests, or other gifts. Such monies not designated for specific purposes must be deposited into the fund. Grants or gifts designated for specific purposes within the coalition's scope of work may be managed by Clemson University or the Clemson University Foundation.