All procurements of infrastructure, as defined in Section 11-41-30 and owned by a research university, as defined in Section 11-51-30(5), shall be exempt from Title 11, Chapter 35, except that such research university must work in conjunction with the State Fiscal Accountability Authority's Chief Procurement Officer to establish alternative procurement procedures. The research university shall submit its alternative procurement procedures to the State Fiscal Accountability Authority for approval. The procurement process shall include provisions for audit and recertification.
HISTORY: 2004 Act No. 187, Section 3.E; 2014 Act No. 121 (S.22), Pt VII, Section 20.H.3, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 20.H.3, substituted "State Fiscal Accountability Authority's" for "Budget and Control Board's" in the first sentence, and substituted "Fiscal Accountability Authority" for "Budget and Control Board" in the second sentence.
Structure South Carolina Code of Laws
Chapter 41 - State General Obligation Economic Development Bond Act
Section 11-41-10. Short title.
Section 11-41-20. Increase in general obligation debt limitation.
Section 11-41-30. Definitions.
Section 11-41-40. Issuance of bonds pursuant to chapter.
Section 11-41-60. Maximum annual debt service on bonds issued pursuant to chapter.
Section 11-41-70. Bond notification requirements.
Section 11-41-80. Adoption of resolution effecting issue of bonds.
Section 11-41-90. Authorizing resolution.
Section 11-41-100. Bond maturity date and terms; determination of interest rate.
Section 11-41-110. Bonds exempt from taxation.
Section 11-41-120. Executive signature and State seal requirements.
Section 11-41-130. Payment of principal and interest.
Section 11-41-140. Sale of bonds.
Section 11-41-150. Application of proceeds; liability of purchasers for misapplication.
Section 11-41-160. Purchase by fiduciaries.
Section 11-41-170. Expenditure of proceeds.
Section 11-41-180. Infrastructure procurement procedures for research universities.