It is hereby declared that for the benefit of the people of the State, the increase of their commerce, welfare and prosperity and the improvement of their health and living conditions it is essential that this and future generations of youth be given the fullest opportunity to learn and to develop their intellectual and mental capacities; that it is essential that institutions for higher education within the State be provided with appropriate additional means to assist such youth in achieving the required levels of learning and development of their intellectual and mental capacities; and that it is the purpose of this chapter to provide a measure of assistance and an alternative method to enable institutions for higher education in the State to provide the facilities and structures which are sorely needed to accomplish the purposes of this chapter, all to the public benefit and good, to the extent and manner provided herein.
HISTORY: 1962 Code Section 22-41; 1969 (56) 444.
Structure South Carolina Code of Laws
Section 59-109-10. Short title.
Section 59-109-20. Legislative declaration of policy and purpose.
Section 59-109-30. Definitions.
Section 59-109-50. Purpose of authority; powers enumerated.
Section 59-109-70. Acquisition of property by authority.
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 59-109-130. 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.