South Carolina Code 59-130-430. Authority to issue bonds; purpose
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Terms Used In South Carolina Code 59-130-430
- Academic and administrative buildings: means the real and personal property and equipment to be utilized by the School of the Arts, the School of Education, the School of Science and Mathematics, the Physical Education/Arena Complex, and the Student Center, whether or not the acquisition or construction of these facilities are financed from the proceeds of bonds issued pursuant to the provisions of this article. See South Carolina Code 59-130-420
- Equipment: means items with a useful life of at least fifteen years. See South Carolina Code 59-130-420
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- University: means the College of Charleston. See South Carolina Code 59-130-420
Subject to the approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, by resolution adopted, the university may issue bonds of the university for the purpose of financing or refinancing in whole or in part the cost of acquisition, construction, reconstruction, renovation and improvement of land, buildings, and other improvements to real property and equipment for the purpose of providing certain academic and administrative buildings as defined in this article serving the needs of the university.