Purpose.

S.C. Code Ann. § 59-118-20
in effect
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The purposes of this chapter are to: (1) further the state's efforts to meet its responsibility for the intellectual development of our youth; (2) enhance statewide economic development through initiatives in higher education; to provide incentives to individuals, corporations, or private funding organizations to create endowments to support the teaching and related activities at South Carolina's public colleges and universities; (3) supplement the financial impacts of newly created endowments that support these colleges and universities.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t59c118.phpFetched: 10/17/2026

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