The bonds must be made payable solely from the revenues derived by the university from the operation of the building or equipment for which the bonds are issued or, in the discretion of the board of trustees of the university, from the revenues and also from any other revenues of the university except revenues derived from appropriations received from the General Assembly. The bonds are not obligations of the State.
HISTORY: 1993 Act No. 69, Section 1.
Structure South Carolina Code of Laws
Chapter 136 - Coastal Carolina University
Section 59-136-100. Establishment.
Section 59-136-110. Board of trustees.
Section 59-136-120. Trustees; subsistence, per diem, and mileage.
Section 59-136-130. Board a body corporate and politic; powers of board.
Section 59-136-140. Meetings of board.
Section 59-136-150. Lease or sale of real property donated to university; proceeds.
Section 59-136-300. Equipment defined.
Section 59-136-310. Authority to issue revenue bonds.
Section 59-136-330. Particulars of bonds; must be negotiable.
Section 59-136-340. Tax exempt status.
Section 59-136-350. Signature on bonds and coupons.
Section 59-136-360. Sale of bonds.
Section 59-136-380. Authorizing resolution constitutes binding contract; enforcement.
Section 59-136-390. Sources of payments of bonds; bonds not obligations of state.
Section 59-136-510. "Coastal Carolina College" to mean "Coastal Carolina University".
Section 59-136-520. Budget and Control Board to prescribe manner of transfer.