As used in this chapter:
(1) "board" means the board of trustees of the university;
(2) "equipment" means items with a useful life of at least fifteen years;
(3) "facilities" means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter;
(4) "revenues" means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and
(5) "university" means all research and four-year public institutions of higher education.
HISTORY: 1996 Act No. 302, Section 1.
Structure South Carolina Code of Laws
Chapter 147 - Higher Education Revenue Bond Act
Section 59-147-10. Short title.
Section 59-147-20. Definitions.
Section 59-147-30. Issuance of revenue bonds; purpose.
Section 59-147-40. Requirement of university board resolution; content of authorizing resolution.
Section 59-147-50. Authorized revenue bonds; terms; negotiability.
Section 59-147-60. Bond exemptions.
Section 59-147-70. Signature of bonds.
Section 59-147-80. Sale of bonds.
Section 59-147-90. Required filing of obligation with State Treasurer.
Section 59-147-100. Effect of authorizing resolution to issue bonds; enforceability of contract.
Section 59-147-110. Sources of revenue or funds for payment of bonds; liability of signers.