{"data":{"id":"us-sc/s.c.-code-ann.-59-118-80","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 59-118-80","heading":"Conditions on matching gifts.","body":"The state matching gifts authorized in Section 59-118-70 are subject to the following conditions:\n(1) qualifying disbursements to which the state matching gift is applied must come from the earnings of the endowment and not from principal or corpus;\n(2) the state matching funds must go directly into the college's or university's operating account to be spent only for the purposes authorized;\n(3) the college or university must make application to receive state matching funds on forms and under procedures prescribed by the Commission on Higher Education.","path":["Title 59 - EDUCATION","CHAPTER 118 South Carolina Academic Endowment Incentive Act"],"source_url":"https://www.scstatehouse.gov/code/t59c118.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T08:04:14Z","sha256":"0ef5033023e3b66935f8ded63a17020882421f96e9444681d529ecd064b985e5","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-59-118-70","next":"us-sc/s.c.-code-ann.-59-118-90"},"notice":"GroundRules: Original legal text. Not legal advice."}