The bonds must be disposed of in such manner as the trustees determine, except that no sale, privately negotiated without public advertisement, may be made unless the approval of the State Fiscal Accountability Authority is obtained. If the trustees elect to sell the bonds at public sale, at least one advertisement of them must appear in some newspaper of general circulation in this State not less than seven days before the date fixed for the opening of bids. The bonds may be sold at such discount or for such premium as may be determined by the trustees or their designee as being in the best interest of the University.
HISTORY: 1990 Act No. 502, Section 4.
Structure South Carolina Code of Laws
Chapter 117 - University Of South Carolina
Section 59-117-10. Composition of board of trustees of the University of South Carolina.
Section 59-117-20. Terms of members of board.
Section 59-117-30. Vacancies; compensation.
Section 59-117-40. Board constituted body corporate and politic; powers.
Section 59-117-50. Meetings of board; quorum.
Section 59-117-60. Property and rights vested in University.
Section 59-117-65. Authority to enter ground lease agreements.
Section 59-117-70. Right of condemnation by board.
Section 59-117-80. Board authorized to lease or sell real property donated during fund campaign.
Section 59-117-85. Faculty participation in school's practice plan; handling of generated funds.
Section 59-117-90. Closing of streets bordered by University property.
Section 59-117-100. President shall not be atheist or infidel.
Section 59-117-110. Prior authorization for campus closing.
Section 59-117-210. Purpose; authorization.
Section 59-117-220. Definitions.
Section 59-117-230. Trustees authorization; acquisition of facilities; bond refunds.
Section 59-117-240. Issuance of bonds; limit.
Section 59-117-250. Funding of bonds; security, generally.
Section 59-117-260. Bonds not guaranteed by State; trustees not personally liable.
Section 59-117-270. Bond specifications; issuing resolutions.
Section 59-117-280. Tax exempt status.
Section 59-117-290. Who may invest in bonds.
Section 59-117-300. Execution of bonds and coupons; registration as to principal and interest.
Section 59-117-310. Sale; advertisement; discounts.
Section 59-117-320. Trustees' powers for purposes of securing principal and interest of bonds.