South Carolina Code of Laws
Chapter 109 - Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning
Section 59-109-10. Short title.

This chapter, when codified, may be referred to and cited as the "Educational Facilities Authority Act for Private Nonprofit Institutions of Higher Learning."
HISTORY: 1962 Code Section 22-41.1; 1969 (56) 444; 1975 (59) 47.

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 59 - Education

Chapter 109 - Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning

Section 59-109-10. Short title.

Section 59-109-20. Legislative declaration of policy and purpose.

Section 59-109-30. Definitions.

Section 59-109-40. Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning.

Section 59-109-50. Purpose of authority; powers enumerated.

Section 59-109-60. Expenses.

Section 59-109-70. Acquisition of property by authority.

Section 59-109-80. Transfer of property to participating institution after payment of bonds; option to renew lease or purchase project prior to retirement of bonds.

Section 59-109-90. Bond anticipation notes; issuance, terms, form, and execution of bonds and notes.

Section 59-109-100. Trust agreement to secure bonds.

Section 59-109-110. Bonds not considered debt or liability of State or any political subdivision.

Section 59-109-120. Institutions to complete projects if bond proceeds insufficient; payments required; disposition of monies received.

Section 59-109-130. Monies received deemed trust funds.

Section 59-109-140. Enforcement of rights of bondholders.

Section 59-109-150. Exemption from taxation.

Section 59-109-160. Bonds as legal investments.

Section 59-109-170. Annual reports.

Section 59-109-180. Chapter as supplemental; authority not subject to regulation, approval, or consent of other agencies or the like.