South Carolina § 59-142-40 - Funds allocation methodology.
Full text of South Carolina South Carolina Code of Laws § 59-142-40 — Funds allocation methodology., with citation guidance and answers to common questions.
§ 59-142-40. Funds allocation methodology.
Funds must be allocated in a given year to institutions using a methodology that considers state resident Pell Grant recipients so that each public institution shall receive an amount sufficient to provide a similar level of support per state resident Pell recipient when compared to tuition and required fees. However, no institution shall receive a smaller proportion of funding than would be provided under the student enrollment methodology used in years prior to fiscal year 2008-2009. Funds must be awarded to eligible students according to the financial need of the student.
HISTORY: 1996 Act No. 458, Part II, SECTION 20A; 2011 Act No. 74, Pt VI, SECTION 17, eff August 1, 2011.
Effect of Amendment
The 2011 amendment rewrote the section.
Frequently Asked Questions About South Carolina § 59-142-40
What does South Carolina Code of Laws § 59-142-40 cover?
Section 59-142-40 ("Funds allocation methodology.") 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 § 59-142-40?
A common citation format is "South Carolina Code of Laws § 59-142-40" (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 § 59-142-40 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.