Section 59-118-20 - PurposeThe purposes of this chapter are to:
(1) further the state's efforts to meet its responsibility for the intellectual development of our youth;(2) enhance statewide economic development through initiatives in higher education; to provide incentives to individuals, corporations, or private funding organizations to create endowments to support the teaching and related activities at South Carolina's public colleges and universities;(3) supplement the financial impacts of newly created endowments that support these colleges and universities.1997 Act No. 155, Part II, Section 21A.