South Carolina Code 59-19-125. Leasing school property for particular purposes
(1) civic or public purposes; or
Terms Used In South Carolina Code 59-19-125
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2) the operation of a school-age child care program for children aged five through fourteen years that operates before or after the school day, or both, and during periods when school is not in session, if the property is not needed for school purposes. Under this section the board may enter into a long-term lease with a corporation, community service organization, or other governmental entity, if the corporation, organization, or other governmental entity will use the property to be leased for civic or public purposes or for a school-age child care program. However, if the property subject to a long-term lease is being paid for from money in the district’s debt service fund, then all proceeds from the long-term lease must be deposited in that school district’s debt service fund so long as the property has not been paid for.