South Carolina § 59-21-320 - Annual grant for financing needed capital improvements.
Full text of South Carolina South Carolina Code of Laws § 59-21-320 — Annual grant for financing needed capital improvements., with citation guidance and answers to common questions.
§ 59-21-320. Annual grant for financing needed capital improvements.
In order to assist school districts in financing needed capital improvements, the General Assembly shall annually allocate to the Board a sum equivalent to thirty dollars multiplied by the number of pupils enrolled in grades one through twelve of the public schools and, effective beginning in Fiscal Year 1988-89, fifteen dollars multiplied by the number of students enrolled in public kindergarten programs. The calculation must be based on the one hundred thirty-five day count of the average daily membership during the school year ending in the calendar year prior to the calendar year in which the fiscal year begins. In no year may the amount allocated be less than the total sum required to meet principal and interest payments becoming due to that fiscal year on state school bonds.
HISTORY: 1962 Code SECTION 21-272; 1952 Code SECTION 21-272; 1951 (47) 546; 1953 (48) 181; 1967 (55) 719; 1969 (56) 444; 1984 Act No. 512, Part II, SECTION 9, Division II, Subdivision G, SubPart 1, SECTION 2; 1988 Act No. 658, Part II, SECTION 7.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-21-320
What does South Carolina Code of Laws § 59-21-320 cover?
Section 59-21-320 ("Annual grant for financing needed capital improvements.") 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 § 59-21-320?
A common citation format is "South Carolina Code of Laws § 59-21-320" (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 § 59-21-320 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.