South Carolina Code 2-65-100. Exemption of funds
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Funds from the following sources are exempt from the requirements of this chapter:
(1) general fund appropriations;
Terms Used In South Carolina Code 2-65-100
- Federal funds: means financial assistance made to a state agency by the United States Government in any form including, but not limited to, a grant, loan, subsidy, reimbursement, contract, donation, or shared federal revenues, or noncash federal assistance in the form of equipment, buildings, and land. See South Carolina Code 2-65-15
- 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.
(2) funds appropriated by a South Carolina local government;
(3) nonstate funded research grants and contracts and federal financial aid, including work study, except as otherwise provided in this chapter;
(4) donated materials, supplies, in-kind services, buildings, land and equipment, if the donations do not create a future obligation of state general fund monies. If a donation does create a future obligation of state general fund monies, the donation is subject to review and approval, in accordance with § 2-65-30 of this chapter;
(5) federal funds used in connection with capital improvement bond funds subject to authorization pursuant to Act 1377 of 1968.