South Carolina Code 59-4-70. Annual financial report
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Terms Used In South Carolina Code 59-4-70
- Director: means the head of the South Carolina Tuition Prepayment Program. See South Carolina Code 59-4-20
- Fund: means the South Carolina Tuition Prepayment Program Fund. See South Carolina Code 59-4-20
- Program: means the South Carolina Tuition Prepayment Program. See South Carolina Code 59-4-20
- Treasurer: means the South Carolina State Treasurer. See South Carolina Code 59-4-20
Upon implementation of the program, the director or his designee shall prepare an annual financial report of the fund and the program. This report must be submitted to the Treasurer on the date and in the format prescribed by the Treasurer. The director or his designee annually shall evaluate the actuarial soundness of the fund and report this information to the Treasurer.