S.C. Code Ann. § 59-146-60: State Board of Education notification to State Fiscal Accountability Authority.

The State Board of Education, by resolution, shall notify the State Fiscal Accountability Authority of the following:

(1) the amount then required for allocation to local school districts for school facilities for the next fiscal year;

(2) a tentative time schedule setting forth the period of time during which the sum requested will be expended;

(3) a debt service table showing the annual principal and interest requirements for all state school facilities bonds then outstanding; and

(4) the total amount of all state school facilities bonds issued.

This notification shall be presented to the State Fiscal Accountability Authority by March first of each year.