South Carolina Statutes
§ 59-117-310 — Sale; advertisement; discounts.
The bonds must be disposed of in such manner as the trustees determine, except that no sale, privately negotiated without public advertisement, may be made unless the approval of the State Fiscal Accountability Authority is obtained. If the trustees elect to sell the bonds at public sale, at least one advertisement of them must appear in some newspaper of general circulation in this State not less than seven days before the date fixed for the opening of bids. The bonds may be sold at such discount or for such premium as may be determined by the trustees or their designee as being in the best interest of the University.
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Legislative History
HISTORY: 1990 Act No. 502, SECTION 4.
Nearby Sections
15
§ 59-117-100
President shall not be atheist or infidel.§ 59-117-110
Prior authorization for campus closing.§ 59-117-20
Terms of members of board.§ 59-117-210
Purpose; authorization.§ 59-117-220
Definitions.§ 59-117-240
Issuance of bonds; limit.§ 59-117-250
Funding of bonds; security, generally.§ 59-117-270
Bond specifications; issuing resolutions.§ 59-117-280
Tax exempt status.§ 59-117-290
Who may invest in bonds.§ 59-117-30
Vacancies; compensation.