Subject to the conditions of this chapter, the board of trustees for the College of Charleston is authorized to:
(a) provide parking facilities, including one or more multilevel parking garage facilities, on its properties, acquired at the college and on property in the vicinity of the college leased by the City of Charleston to the State for not less than ninety-nine years under the terms and conditions of an agreement between the city and the board providing for the operation and maintenance of the parking facilities to be constructed on the property;
(b) promulgate regulations concerning the use of the facilities, including regulations requiring those who undertake to park motor vehicles on the properties of the board to utilize the facilities;
(c) to establish and maintain, and revise, whenever necessary, a schedule of rates and charges for the use of the facilities which must be designed to provide not less than the sums required to pay principal and interest of any bonds authorized pursuant to this chapter.
HISTORY: 1975 (59) 79; 1981 Act No. 26, Section 2; 1988 Act No. 510, Section 8.
Structure South Carolina Code of Laws
Chapter 131 - Parking Facilities At The College Of Charleston
Section 59-131-10. Parking facilities authorized.
Section 59-131-20. Bond issue authorized upon approval.
Section 59-131-25. Use of proceeds of bonds.
Section 59-131-30. Bonds payable solely from revenues of parking facilities.
Section 59-131-40. Full faith and credit of State not pledged for payment of bonds.
Section 59-131-50. Provisions of resolution concerning bonds.
Section 59-131-60. Negotiability and registration.
Section 59-131-70. Tax exemption status.
Section 59-131-80. Bonds as lawful investments.
Section 59-131-90. Execution of bonds.
Section 59-131-100. Sales of bonds.