South Carolina General Assembly
125th Session, 2023-2024

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Indicates Matter Stricken
Indicates New Matter

S. 279

STATUS INFORMATION

General Bill
Sponsors: Senator Cromer
Document Path: LC-0064DG23.docx

Introduced in the Senate on January 10, 2023
Currently residing in the Senate Committee on Finance

Summary: Recovery of indirect costs

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
12/7/2022 Senate Prefiled
12/7/2022 Senate Referred to Committee on Finance
1/10/2023 Senate Introduced and read first time (Senate Journal-page 176)
1/10/2023 Senate Referred to Committee on Finance (Senate Journal-page 176)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/07/2022



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 May 28, 2024 at 12:22 PM