South Carolina Code of Laws
Chapter 109 - Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning
Section 59-109-140. Enforcement of rights of bondholders.

Any holder of bonds issued under the provisions of this chapter and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by any proceedings authorizing the issuance of or any such trust agreement securing such bonds, may, either at law or in equity, by suit, action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the State or granted hereunder or under such proceedings or trust agreement, and may enforce and compel the performance of all duties required by this chapter or by such proceedings or trust agreement to be performed by the authority or by any officer, employee, or agent thereof, including the fixing, charging, and collecting of the rates, rents, fees, charges, and other amounts herein authorized and required by the provisions of such proceedings or trust agreement to be fixed, established, and collected.
HISTORY: 1962 Code Section 22-41.13; 1969 (56) 444; 1993 Act No. 167, Section 10.

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.