The bill H. 3632 aims to amend the South Carolina Code of Laws by updating the requirements for additional LIFE Scholarship and Palmetto Fellows Scholarship stipends. Specifically, it modifies Section 59-149-15 and Section 59-104-25 to allow coursework in microeconomics, macroeconomics, and business statistics to count towards the required fourteen-credit hours of mathematics and science courses for accounting majors. This change is applicable to students who completed these courses during their freshman year in the 2024-2025 school year.

Additionally, the bill clarifies the definition of what constitutes a science or mathematics major, which will include disciplines such as accounting, engineering, and healthcare, among others. The Commission on Higher Education is tasked with defining these majors, and the new provisions will apply to students who have not previously received the respective scholarships before the 2024-2025 school year. The act will take effect upon approval by the Governor.

Statutes affected:
12/12/2024: 59-149-15
02/05/2025: 59-149-15
Latest Version: 59-149-15