§ 59-125-320 — 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 chapter. (2) "Winthrop" means Winthrop University. (3) "Facilities" means any or all of the following facilities operated to provide for the students, faculty, or staff at Winthrop: 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 Winthrop, or which may be acquired by Winthrop for any of these purposes. (4) "Revenues" of any facilities means the entire receipts of Winthrop from the operation of the facilities. "Net revenues" means these receipts reduced by the necessary expenses for operation and maintenance of the facilities. (5) "Authority" means the State Fiscal Accountability Authority. (6) "Trustees" means the Board of Trustees of Winthrop or any successor body.

Legislative History

HISTORY: 1996 Act No. 399, SECTION 2.