§ 59-117-220 — Definitions.

As used in this article: (1) "Bond" or "bonds" means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this article. (2) "University" means the University of South Carolina. (3) "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. (4) "Revenues" of any facilities means the entire receipts of the University from the operation of the facilities. 'Net revenues' means these receipts reduced by the necessary expenses for operation and maintenance of the facilities. (5) "State Fiscal Accountability Authority" means the State Fiscal Accountability Authority. (6) "Trustees" means the Board of Trustees of the University or any successor body.

Legislative History

HISTORY: 1990 Act No. 502, SECTION 4.