S.C. Code Regs. § § 62-870
Current through Register Vol. 48, No. 11, November 22, 2024
Section 62-870 - Availability of Matching Gift FundsA. Matching Gift Funds are to be requested through the Commission on Higher Education on an annual basis. Matching Gift Funds approved for disbursement may not exceed available funds in the Gift Fund.B. As a means of ensuring adequate communication with institutions on the management of the South Carolina Higher Education Matching Gift Fund, the Commission will develop a standing advisory committee, called the Gift Fund Advisory Council, comprised primarily of the chief development officers of the participating institutions and of a representative of the State Board for Technical and Comprehensive Education. The Gift Fund Advisory Council will meet at least annually at the request of the Commission. The Advisory Council will provide to the Commission and its staff recommendations on the management of the Gift Fund, including advice on adjustments in the endowment spending rates allowable under this program and on other related matters.Added by State Register Volume 22, Issue No. 6, Part 3, eff June 26, 1998; Amended by State Register Volume 23, Issue No. 5, eff May 28, 1999.