(A) The board may allocate up to ten dollars of each renewal fee to the South Carolina Engineers and Surveyors Education and Research Fund, which must be established as a separate and distinct account and used exclusively for: (1) advancement of education and research for the benefit of individuals and firms licensed under this chapter and for individuals in training to become licensed; (2) analysis and evaluation of factors that affect the engineering and surveying professions in this State and activities that support initiatives of the board; and (3) dissemination of the results of the research. (B) The board shall submit to the chairman of the House and Senate Labor, Commerce and Industry Committees by August first of each year a report on how the funds were expended for the preceding fiscal year.
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