South Carolina Tuition Grant funds shall be disbursed to eligible students on a semester-by-semester basis. Interest accruing on the balance of undisbursed tuition grant funds on deposit with the State Treasurer's office from September fifteenth through December thirty-first shall be calculated by the State Treasurer's office and transferred within thirty days to the South Carolina Tuition Grant Commission to be awarded as tuition grants to eligible students.
Disbursement of funds; awards of accrued interest on undisbursed funds
S.C. Code Ann. § 59-113-45, under Title 59, Chapter 113.
S.C. Code Ann. § 59-113-45