South Carolina Statutes
§ 59-123-95 — Board may borrow to purchase diagnostic and therapeutical equipment.
In order to raise moneys which are required to pay the cost of diagnostic and therapeutical equipment for use in the hospital operated by The Medical University of South Carolina (The Medical University), the Board of Trustees of the University with the approval of the State Fiscal Accountability Authority of South Carolina (the state board) may borrow such amounts as shall be required for such purposes. Not more than two million dollars of debt created pursuant to this section shall be outstanding at any time. The borrowing authorized by this section shall be in the form of notes of The Medical University payable solely from charges for the service or use rendered by the equipment. Upon its acquisition, an appropriate schedule of charges shall be placed in effect and maintained. All money
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South Carolina § 59-123-95 (Board may borrow to purchase diagnostic and therapeutical equipment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1977 Act No. 219, Part II, SECTION 17; 1978 Act No. 644, Part II, SECTION 42.
Nearby Sections
15
§ 59-123-10
Change of name; programs limited to health area; new programs and organizational changes.§ 59-123-100
Rules governing admissions not changed.§ 59-123-110
College of Dental Medicine established.§ 59-123-20
Acceptance of transfer of property.§ 59-123-210
Additional student and faculty housing authorized from bond proceeds; refunding authorized.§ 59-123-220
Trustees authorized to issue revenue bonds; limitation; refunding; use of proceeds and facilities.§ 59-123-230
Bonds payable from net housing revenues.§ 59-123-260
Form of bonds.§ 59-123-270
Bonds and interest tax exempt.§ 59-123-290
Execution of bonds.