South Carolina Code 59-152-120. Local partnerships; funding use restrictions
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 59-152-120
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Funds received by a local partnership may not be used for capital expenses, new construction, or to renovate, refurbish, or upgrade existing facilities without prior approval by the South Carolina First Steps to School Readiness Board of Trustees.