S.C. Code Regs. § § 19-1215

Current through Register Vol. 48, No. 11, November 22, 2024

Section 19-1215 - Duties of the Board

A. Scope and Purpose: The Board shall perform those duties and responsibilities prescribed in the "South Carolina Tuition Prepayment Program Act".

B. The Board is responsible for developing and adopting the guidelines and strategies for the Program fund.

C. The Board is responsible for developing and adopting the investment policies for the Program fund. The Board may establish any necessary mechanisms to seek advice relative to the development, adoption, and management of investment policies for the Program fund.

D. The Board is responsible for developing and adopting the costs, termination, and withdrawal options of the tuition prepayment contracts.

E. The Board is responsible for directing the investments of the Fund. The Fund shall be expended only for the purposes of Title 59, Chapter 4 of the South Carolina Code of Laws, 1976.

S.C. Code Regs. § 19-1215

Added by State Register Volume 22, Issue No. 6, Part 1, eff June 26, 1998.