§ 59-53-1710 Creation of commission; membership; officers
§ 59-53-1720 Powers and duties of commission
§ 59-53-1725 “Northeast Campus” and “Enterprise Campus” defined; arrangements between commission and Enterprise Campus Authority for property management, provision of services, and disposition of property
§ 59-53-1730 Participating counties to appropriate and contribute funds to commission
§ 59-53-1740 Commission to keep certain records; audit; filing of audit
§ 59-53-1750 Commission to make annual written report; filing of report
§ 59-53-1760 Participating counties to receive portion of funds derived from sale of certain facilities
§ 59-53-1780 Short title
§ 59-53-1781 Definitions
§ 59-53-1782 Midlands Technical College Enterprise Campus Authority created; governing board; purpose
§ 59-53-1783 Powers of board
§ 59-53-1784 Lease agreements for construction and use of Enterprise Campus facilities; procurement policy; disposal of surplus property
§ 59-53-1785 Issuance of bonds; liability for payment of obligations; information to appear on face of bonds
§ 59-53-1786 Annual report
§ 59-53-1787 Exemption from taxes and assessments
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Terms Used In South Carolina Code > Title 59 > Chapter 53 > Article 20 - Midlands Technical College Commission

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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.