South Carolina § 59-147-20 Definitions.

South Carolina Statutes

§ 59-147-20 — Definitions.

South Carolina·Title 59 EDUCATION·Ch. 147 HIGHER EDUCATION REVENUE BOND ACT

As used in this chapter:

(1)"board" means the board of trustees of the university;

(2)"equipment" means items with a useful life of at least fifteen years;

(3)"facilities" means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter;

(4)"revenues" means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and (5) "university" means all research and four-year public institutions of higher education.

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As used in this chapter: (1) "board" means the board of trustees of the university; (2) "equipment" means items with a useful life of at least fifteen years; (3) "facilities" means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter; (4) "revenues" means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and (5) "university" means all research and four-year public institutions of higher education.

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