An act or undertaking of the program is not a debt of the State or any agency, department, institution, or political subdivision of the State, or a pledge of the full faith and credit of the State or any agency, department, institution, or political subdivision, but is payable solely from the monies in the fund.
S.C. Code Ann. § 59-4-50
Undertakings payable solely from fund monies
Known as the South Carolina Tuition Prepayment Program Act
The act spans §§ 59–59 (13 sections).
1997 Act No. 155, Part II, SECTION 4A.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.