To obtain funds for allocation to the research universities for the financing of research infrastructure projects, and for the other purposes set forth in Section 11-51-125, there may be issued general obligation debt pursuant to the conditions prescribed by this chapter; provided, however, that the amount of the general obligation debt issued pursuant to this chapter that may be outstanding at any one time shall not exceed two hundred fifty million dollars.
HISTORY: 2004 Act No. 187, Section 9.
Structure South Carolina Code of Laws
Chapter 51 - South Carolina Research University Infrastructure Act
Section 11-51-10. Short title.
Section 11-51-20. Legislative findings and purpose.
Section 11-51-30. Definitions.
Section 11-51-40. Issuance of general obligation debt authorized; limitations.
Section 11-51-50. Maximum annual debt service at time of issuance.
Section 11-51-90. Principal amount of general obligation debt provided on a competitive basis.
Section 11-51-100. Issuance of general obligation debt or anticipation notes.
Section 11-51-120. Maturity, payment, and interest rates.
Section 11-51-130. General obligation debt exempt from taxation.
Section 11-51-140. Executive signature, attestation, and state seal requirements.
Section 11-51-170. Application of sale proceeds; liability of purchaser.
Section 11-51-180. Investment by executors, administrators, and other fiduciaries.
Section 11-51-190. Exemption from state procurement process; alternative procurement procedures.