S.C. Code § 59-151-160

Current through 2024 Act No. 225.

Section 59-151-160 - Administration of value of gifts, in-kind services, grants, appropriations, or other financial considerations

The value of gifts, in-kind services, grants, appropriations, or other financial considerations directed to a single university for the primary purpose of support for South Carolina LightRail Consortium must be administered and accounted for in accordance with the policies of the recipient university. The value of gifts, in-kind services, grants, appropriations, or other financial considerations directed jointly to the three universities through the consortium must be divided into three equal shares, unless otherwise specified by a donor, and must be administered and accounted for by each recipient university in accordance with the policies of that university.

S.C. Code § 59-151-160

2008 Act No. 330, Section 1, eff upon approval (became law without the Governor's signature on June 17, 2008).

2012 Act No. 284, Section 11, provides as follows:

"The provisions of this act do not expand, diminish, or otherwise affect the provisions of Chapter 151, Title 59 regarding the South Carolina LightRail Consortium"