South Carolina Code of Laws
Title 59 - Education
Chapter 109 - Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning

Section 59-109-10. Short title. - This chapter, when codified, may be referred to and cited...

Section 59-109-20. Legislative declaration of policy and purpose. - It is hereby declared that for the benefit of the...

Section 59-109-30. Definitions. - As used in this chapter, unless the context otherwise requires:...

Section 59-109-40. Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning. - There is hereby created a body politic and corporate to...

Section 59-109-50. Purpose of authority; powers enumerated. - The purpose of the authority is to assist institutions for...

Section 59-109-60. Expenses. - All expenses incurred in carrying out the provisions of this...

Section 59-109-70. Acquisition of property by authority. - The authority is authorized and empowered directly or by and...

Section 59-109-80. Transfer of property to participating institution after payment of bonds; option to renew lease or purchase project prior to retirement of bonds. - (A) When the principal of and interest on bonds of...

Section 59-109-90. Bond anticipation notes; issuance, terms, form, and execution of bonds and notes. - (A) In anticipation of the sale of bonds, the authority...

Section 59-109-100. Trust agreement to secure bonds. - (A) In the discretion of the authority any bonds issued...

Section 59-109-110. Bonds not considered debt or liability of State or any political subdivision. - Bonds issued under the provisions of this chapter shall not...

Section 59-109-120. Institutions to complete projects if bond proceeds insufficient; payments required; disposition of monies received. - Every financing agreement shall contain covenants obligating such participating institution...

Section 59-109-130. Monies received deemed trust funds. - All monies received pursuant to the authority of this chapter,...

Section 59-109-140. Enforcement of rights of bondholders. - Any holder of bonds issued under the provisions of this...

Section 59-109-150. Exemption from taxation. - The exercise of the powers granted by this chapter will...

Section 59-109-160. Bonds as legal investments. - Bonds issued by authority under the provisions of this chapter...

Section 59-109-170. Annual reports. - The authority shall keep an accurate account of all its...

Section 59-109-180. Chapter as supplemental; authority not subject to regulation, approval, or consent of other agencies or the like. - The foregoing sections of this chapter shall be deemed to...