H 3882

  • South Carolina House Bill
  • 2021-2022 Regular Session
  • Introduced in House Feb 11, 2021
  • House
  • Senate
  • Governor

The Scholarship Reserve Account

Abstract

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-150-420 SO AS TO PROVIDE FOR A SCHOLARSHIP RESERVE ACCOUNT, FUNDED BY UNCLAIMED PRIZE MONEY AND SURPLUS FUNDS, FOR THE EXCLUSIVE PURPOSE OF MAINTAINING FUNDING OF CERTAIN SCHOLARSHIPS, GRANTS, AND ASSISTANCES IF CERTIFIED NET LOTTERY PROCEEDS AND INVESTMENT EARNINGS ARE INSUFFICIENT TO FUND THEM AND TO LIMIT THE AMOUNT OF THE RESERVE TO FIVE PERCENT OF THE EDUCATION LOTTERY ACCOUNT REVENUE FOR THE LATEST COMPLETED FISCAL YEAR.

Bill Sponsors (1)

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Feb 11, 2021

House

Introduced and read first time

House

Referred to Committee on Ways and Means

Bill Text

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2/11/2021 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

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Sources

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