§ 59-21-310 Definitions
§ 59-21-320 Annual grant for financing needed capital improvements
§ 59-21-330 Obligation to make grants subordinate to State school bonds
§ 59-21-340 Application of grants
§ 59-21-350 Purposes for which grants may be used
§ 59-21-355 Appropriations to Education Improvement Act building aid; allocation; transfer; trust fund
§ 59-21-360 County plans of necessary capital improvements or tax relief
§ 59-21-370 Applications for funds
§ 59-21-380 Remittance and disbursement of funds
§ 59-21-390 Employment of architects and other personnel
§ 59-21-400 Rules and regulations
§ 59-21-410 Letting of contracts
§ 59-21-420 Funds for renovation, capital improvement, or repair of classrooms, or reduction of millage as to bonds
§ 59-21-430 Use of funds within specified time
§ 59-21-440 Monthly reporting on approved expenditures and compliance with tax reduction requirement
§ 59-21-450 Allocation of unexpended funds or operating surplus in Education Improvement Act fund to school building aid program

Terms Used In South Carolina Code > Title 59 > Chapter 21 > Article 3 - School Facilities

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.