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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-150-357 SO AS TO PROVIDE THAT APPROPRIATIONS MADE TO A PUBLIC INSTITUTION OF HIGHER LEARNING FROM THE LOTTERY EXPENDITURE ACCOUNT MUST BE REFLECTED IN ITS BUDGET.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 150, Title 59 of the 1976 Code is amended by adding:
"Section 59-150-357. Appropriations made to a public institution of higher learning of this State from the lottery expenditure account must be reflected in the budget of the institution as total funds. The lottery expenditure account only must reflect appropriations made to private institutions of higher learning in the general appropriations act."
SECTION 2. This act takes effect upon approval by the Governor.
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