South Carolina Tuition Prepayment Program Act

Sections covered

• S.C. Code Ann. § 59-4-10Short title; purpose
• S.C. Code Ann. § 59-4-100Program and fund not liable for taxes, fees or assessments; contributions deductible; money or benefits received not taxable if used for specified purposes
• S.C. Code Ann. § 59-4-110New participants prohibited
• S.C. Code Ann. § 59-4-120Tuition increase above seven percent prohibited for participating institutions
• S.C. Code Ann. § 59-4-20Definitions
• S.C. Code Ann. § 59-4-30Appointment of director; responsibilities of Treasurer; promulgation of regulations
• S.C. Code Ann. § 59-4-40Fund established; sources, investment, management, and expenditure of funds; exemption from legal process and unassignability
• S.C. Code Ann. § 59-4-50Undertakings payable solely from fund monies
• S.C. Code Ann. § 59-4-60Cooperation and assistance from state entities
• S.C. Code Ann. § 59-4-65Discontinuing fund; contributor refunds and deficiencies
• S.C. Code Ann. § 59-4-70Annual financial report
• S.C. Code Ann. § 59-4-80Application of Internal Revenue Service rulings
• S.C. Code Ann. § 59-4-90Payroll deductions