After obtaining the approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, the board of trustees of the University of South Carolina is authorized to lease or to sell and convey from time to time any real property which may have been or may hereafter be donated to the University in the course of its current greater university fund campaign, or any similar campaign which may be conducted at any future time, for such consideration and upon such terms and at such times and in such manner as shall be set forth in the resolution of approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate. The proceeds of any such lease or sale shall be applied to the original purpose of the donation of the property leased or sold.
HISTORY: 1962 Code Section 22-107.1; 1962 (52) 2237.
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.