South Carolina Code 11-51-90. Principal amount of general obligation debt provided on a competitive basis
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Terms Used In South Carolina Code 11-51-90
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Research Centers of Excellence Review Board: means the board created pursuant to § 2-75-10. See South Carolina Code 11-51-30
- Research universities: means Clemson University, The Medical University of South Carolina, and the University of South Carolina-Columbia. See South Carolina Code 11-51-30
The principal amount of the general obligation debt allocated to research universities pursuant to § 11-51-125 must be provided to each of the research universities on a competitive basis by the Research Centers of Excellence Review Board.