South Carolina Code > Title 59 > Chapter 23 – School Buildings and Other School Property
Current as of: 2023 | Check for updates
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| Article 2 | School Building Codes, Specifications, and Inspections |
| Article 3 | Conveyance of Buildings No Longer Needed for School Purposes |
Terms Used In South Carolina Code > Title 59 > Chapter 23 - School Buildings and Other School Property
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Department: means the Department of Natural Resources. See South Carolina Code 48-9-15
- Ex officio: Literally, by virtue of one's office.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.