Bill Text: SC S0279 | 2023-2024 | 125th General Assembly | Introduced
Bill Title: Recovery of indirect costs
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-01-10 - Referred to Committee on Finance [S0279 Detail]
Download: South_Carolina-2023-S0279-Introduced.html
South Carolina General Assembly
125th Session, 2023-2024
Bill 279
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
to amend the South Carolina Code of Laws by amending Section 2-65-70, relating to THE RECOVERY OF INDIRECT COSTS FOR PURPOSES OF OVERSIGHT OF OTHER FUNDS, so as to PROVIDE THAT CERTAIN PROVISIONS DO NOT APPLY TO CERTAIN INSTITUTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.Section 2-65-70 of the S.C. Code is amended by adding a subsection to read:
(C) For a public institution of higher learning, the requirements of subsection (A) do not apply to the first five hundred thousand dollars of a nonresearch grant when the grant directly supports the mission of another state agency, institution, or unit of government. Each public institution of higher learning shall provide a report to the Chairman of the House Ways and Means Committee, the Chairman of the Senate Finance Committee, and the Chairman of the State Fiscal Accountability Authority by September thirtieth of each year detailing the utilization of this subsection in the previous fiscal year.
SECTION 2.This act takes effect upon approval by the Governor.
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This web page was last updated on December 07, 2022 at 02:28 PM
