Reference is to Printer's Date 5/15/14-H.
Amend the bill, as and if amended, by an appropriately numbered SECTION to read:
/ SECTION __. A. Article 1, Chapter 103, Title 59 is amended by adding:
"Section 59-103-22. The University of Charleston, South Carolina, as provided for in this chapter is hereby designated a 'research institution' as provided in Section 59-103-15 (B)(1), and as such is eligible to participate in South Carolina Research Centers of Economic Excellence as provided in Title 2, Chapter 75. The University of Charleston, South Carolina, shall submit a mission statement corresponding with its designation as a research institution before January 1, 2015, and this mission statement must be approved by the Commission on Higher Education before April 1, 2015. The University of Charleston, South Carolina, shall not duplicate any degree programs offered in the Charleston region. The provisions of this section do not alter the designation of the College of Charleston as a four-year liberal arts college. The University of Charleston, South Carolina, and the College of Charleston must each be established as separate budget sections in the annual appropriations bill."
B. Section 2-75-5 of the 1976 Code is amended to read:
(A) This chapter is known and may be
cited as the 'South Carolina Research Centers of Economic
(B) The General Assembly finds that:
(1) it is in the public interest to create incentives for the senior research universities of South Carolina consisting of Clemson University, the Medical University of South Carolina, the University of Charleston, South Carolina, and the University of South Carolina to raise capital from the private sector to fund endowments for professorships in research areas targeted to create well-paying jobs and enhanced economic opportunities for the people of South Carolina;
(2) these endowed professorships should be used to recruit and maintain leading scientists and engineers at the senior research universities of South Carolina for the purposes of developing and leveraging the research capabilities of the universities for the creation of well-paying jobs and enhanced economic opportunities in knowledge-based industries for all South Carolinians;
(3) in communities across the United States in which better paying jobs and enhanced economic development in knowledge-based industries has flourished, the local or state government has created incentives and made a long-term commitment to public and private funding for a significant number of endowments for professorships in targeted knowledge-based industries;
(4) the South Carolina Education Lottery provides a source of funding and an incentive for the senior research universities to raise, in dollar-for-dollar matching amounts, sums from nonstate sources sufficient to create endowed professorships;
(5) these endowed professorships should be awarded to the senior research universities through a competitive application process, provided that the competitive process must encourage the senior research universities to submit cooperative applications with one another as well as in cooperation with other institutions of higher education;
(6) these endowed professorships, funded equally from the South Carolina Education Lottery and from other nonstate sources, provide a foundation for the creation of centers of economic excellence; and
(7) these endowed professorships and senior research universities shall seek collaboration and develop partnerships with similarly focused programs at the state's technical colleges to meet the workforce demands of South Carolina's growing economy." /
Renumber sections to conform.
Amend title to conform.