South Carolina Code 2-77-40. Repayment of unexpended funds
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Terms Used In South Carolina Code 2-77-40
- Contract: A legal written agreement that becomes binding when signed.
Any funds paid to an eligible institution pursuant to this chapter but not expended or used for the purposes for which the funds were paid within three years following the date of the contract awarded to an eligible institution must be repaid to the Education Lottery Account immediately upon the expiration of the three-year period.