§ 59-117-210 Purpose; authorization
§ 59-117-220 Definitions
§ 59-117-230 Trustees authorization; acquisition of facilities; bond refunds
§ 59-117-240 Issuance of bonds; limit
§ 59-117-250 Funding of bonds; security, generally
§ 59-117-260 Bonds not guaranteed by State; trustees not personally liable
§ 59-117-270 Bond specifications; issuing resolutions
§ 59-117-280 Tax exempt status
§ 59-117-290 Who may invest in bonds
§ 59-117-300 Execution of bonds and coupons; registration as to principal and interest
§ 59-117-310 Sale; advertisement; discounts
§ 59-117-320 Trustees’ powers for purposes of securing principal and interest of bonds
§ 59-117-330 No time limit for issuing bonds
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Terms Used In South Carolina Code > Title 59 > Chapter 117 > Article 3 - Auxiliary Facilities Revenue Bonds

  • bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. See South Carolina Code 59-117-220
  • Contract: A legal written agreement that becomes binding when signed.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Facilities: means any or all of the following facilities operated to provide for the students, faculty, or staff at the University: dining or food service facilities; laundry facilities; canteen facilities; vending machines; convenience stores; any other facilities for the sale of sundry items; health services; book stores; parking lots and vehicle registration; and all furniture, furnishings and equipment in them, which are now owned by the University, or which may be acquired by the University for any of these purposes. See South Carolina Code 59-117-220
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • State Fiscal Accountability Authority: means the State Fiscal Accountability Authority. See South Carolina Code 59-117-220
  • Trustee: A person or institution holding and administering property in trust.
  • Trustees: means the Board of Trustees of the University or any successor body. See South Carolina Code 59-117-220
  • University: means the University of South Carolina. See South Carolina Code 59-117-220