South Carolina Code of Laws
Title 11 - Public Finance
Chapter 51 - South Carolina Research University Infrastructure Act

Section 11-51-10. Short title. - This chapter may be cited as the "South Carolina Research...

Section 11-51-20. Legislative findings and purpose. - The General Assembly finds: (1) That by Section 4, Act...

Section 11-51-30. Definitions. - As used in this chapter: (1) "Facilities and administration costs"...

Section 11-51-40. Issuance of general obligation debt authorized; limitations. - To obtain funds for allocation to the research universities for...

Section 11-51-50. Maximum annual debt service at time of issuance. - (A) Pursuant to the provisions of Section 13(6)(c), Article X...

Section 11-51-60. Research infrastructure project used for unapproved purpose; reimbursement of debt service to State. - In the event a research infrastructure project is used for...

Section 11-51-70. Certification of costs to State Budget and Control Board prior to issuance of general obligation debt. - As a condition precedent to the issuance of general obligation...

Section 11-51-80. Information provided to Joint Bond Review Committee and State Budget and Control Board prior to issuance of general obligation debt. - Before the issuance of general obligation debt, the Research Centers...

Section 11-51-90. Principal amount of general obligation debt provided on a competitive basis. - The principal amount of the general obligation debt allocated to...

Section 11-51-100. Issuance of general obligation debt or anticipation notes. - Following the receipt of the information presented pursuant to Section...

Section 11-51-110. Resolution by State Budget and Control Board authorizing issuance of general obligation debt. - To effect the issuance of general obligation debt, the state...

Section 11-51-120. Maturity, payment, and interest rates. - The general obligation debt must bear the date and mature...

Section 11-51-125. Allocation and use of funds; authorization for additional bonds; project approval. - (A) Of the funds authorized pursuant to this act, public...

Section 11-51-130. General obligation debt exempt from taxation. - General obligation debt issued pursuant to this chapter is exempt...

Section 11-51-140. Executive signature, attestation, and state seal requirements. - General obligation debt issued pursuant to this chapter must be...

Section 11-51-150. Pledge of full faith, credit, and taxing power of State; allocation of tax revenues for payment of principal and interest. - For the payment of the principal of and interest on...

Section 11-51-160. Advertisement and sale requirements; right to reject bids; expenses incident to sale. - General obligation debt must be sold by the Governor and...

Section 11-51-170. Application of sale proceeds; liability of purchaser. - The proceeds of the sale of general obligation debt must...

Section 11-51-180. Investment by executors, administrators, and other fiduciaries. - It is lawful for executors, administrators, guardians, and other fiduciaries...

Section 11-51-190. Exemption from state procurement process; alternative procurement procedures. - The research universities while engaging in projects related to this...

Section 11-51-200. Construction of Chapter. - No provision of this act is intended nor shall any...