South Carolina Code 59-21-450. Allocation of unexpended funds or operating surplus in Education Improvement Act fund to school building aid program
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Terms Used In South Carolina Code 59-21-450
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Any unexpended funds or operating surplus in the Education Improvement Act Fund in any fiscal year must be allocated to the school building aid program.