South Carolina § 59-118-30 - Definitions.
Full text of South Carolina South Carolina Code of Laws § 59-118-30 — Definitions., with citation guidance and answers to common questions.
§ 59-118-30. Definitions.
For purposes of this chapter:
(1) "Qualifying college or university" means a state-supported, post-secondary two-year or four-year educational institution including college or university regional campuses offering undergraduate, master, or doctoral programs, a technical college under the jurisdiction of the State Board for Technical and Comprehensive Education, and a regional campus of the University of South Carolina.
(2) "Endowments" mean permanent gifts or donations to the qualifying college or university or its principal foundation including cash, income producing securities, an income producing business, real property, personal property, fixed assets, mortgage notes, and life income gifts or bequests. Research grants and funds received by the institution in the performance of a contractual obligation are not an endowment for purposes of this chapter.
(3) "Principal foundation" means a foundation designated by the Board of Trustees of the qualifying college or university and registered with the South Carolina Secretary of State.
(4) "Year" means a state fiscal year beginning on the first day of July and ending the following June thirtieth.
HISTORY: 1997 Act No. 155, Part II, SECTION 21A; 1998 Act No. 419, Part II, SECTION 59A; 2000 Act No. 289, SECTION 4; 2000 Act No. 387, Part II, SECTION 15.
Frequently Asked Questions About South Carolina § 59-118-30
What does South Carolina Code of Laws § 59-118-30 cover?
Section 59-118-30 ("Definitions.") 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 § 59-118-30?
A common citation format is "South Carolina Code of Laws § 59-118-30" (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 § 59-118-30 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.