The authority is authorized and empowered directly or by and through a participating institution for higher learning, as its agent, to acquire by purchase solely from funds provided under the authority of this chapter, or by gift or devise, such lands, structures, property, real or personal, rights, rights-of-way, franchises, easements, and other interests in lands, including lands lying under water and riparian rights, which are located within the State as it considers necessary or convenient for the acquisition, construction, or operation of a project, upon such terms and at such prices as may be considered by it to be reasonable and can be agreed upon between it and the owner thereof, and to take title thereto in the name of the authority or in the name of a participating institution for higher learning as its agent.
HISTORY: 1962 Code Section 22-41.6; 1969 (56) 444; 1993 Act No. 167, Section 3.
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.