Conditions on matching gifts.

S.C. Code Ann. § 59-118-80
in effect
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The state matching gifts authorized in Section 59-118-70 are subject to the following conditions: (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; (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; (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.
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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