South Carolina Code 56-3-3710. Issuance of license plates with college or university emblems; fee; distribution of fee revenues; minimum number of licenses required
(B) The fees collected pursuant to this section must be distributed to a separate fund for each of the respective colleges, universities, or independent institutions of higher learning. Each fund must be administered by the school and may be used only for academic scholarships. Funds collected for state colleges and universities must be deposited with the State Treasurer. Funds collected for independent institutions must be deposited in an account designated by the respective school. The distribution of the fee is forty dollars to the school for each special license plate sold for the respective school and thirty dollars placed by the Comptroller General into the State Highway Fund as established by § 57-11-20, to be distributed as provided in § 11-43-167.
The department shall receive one hundred or more applications requesting a special license plate for a school before a specialized license plate may be developed for that school.