South Carolina § 59-104-420 - Criteria for use of fund.
Full text of South Carolina South Carolina Code of Laws § 59-104-420 — Criteria for use of fund., with citation guidance and answers to common questions.
§ 59-104-420. Criteria for use of fund.
(A) The fund must be used for research which:
(1) has a direct, positive impact on economic development, education, health, or welfare in this State;
(2) has an existing base in faculty expertise, resources, and facilities;
(3) serves to improve the quality of undergraduate and graduate education for South Carolina citizens in accordance with the institutions' stated missions as given in the commission's master plan and as developed by the institution and approved by the commission as provided in Section 59-103-45(5).
(B) The fund must not be used for capital construction projects.
HISTORY: 1988 Act No. 629, SECTION 1; 1996 Act No. 359, SECTION 10.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-104-420
What does South Carolina Code of Laws § 59-104-420 cover?
Section 59-104-420 ("Criteria for use of fund.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 59-104-420?
A common citation format is "South Carolina Code of Laws § 59-104-420" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 59-104-420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.