South Carolina Code 59-133-310. Disposition of bonds; private sales; discounts and premiums
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Terms Used In South Carolina Code 59-133-310
- Authority: means the State Fiscal Accountability Authority. See South Carolina Code 59-133-220
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. See South Carolina Code 59-133-220
- Francis Marion: means Francis Marion University. See South Carolina Code 59-133-220
- Trustees: means the Board of Trustees of Francis Marion University or any successor body. See South Carolina Code 59-133-220
The bonds may be disposed of in such manner as the trustees shall determine, except that no privately negotiated sale without public advertisement may be made without the prior approval of the State Fiscal Accountability Authority. The bonds may be sold at such discount or for such premium as may be determined by the trustees or their designee as being in the best interest of Francis Marion.