South Carolina § 59-147-30 Issuance of revenue bonds; purpose.

South Carolina Statutes

§ 59-147-30 — Issuance of revenue bonds; purpose.

South Carolina § 59-147-30

Title 59EDUCATION

Ch. 147HIGHER EDUCATION REVENUE BOND ACT

This text of South Carolina § 59-147-30 (Issuance of revenue bonds; purpose.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 59-147-30 (2026).

Text

Subject to the approval of the State Fiscal Accountability Authority or Department of Administration, as appropriate, by resolution duly adopted, the university may issue revenue bonds of the university for the purpose of financing or refinancing in whole or in part the cost of acquisition, construction, reconstruction, renovation and improvement of land, buildings, and other improvements to real property and equipment for the purpose of providing facilities serving the needs of the university including, but not limited to:

(1)dormitories, apartment buildings, dwelling houses, bookstores and other university operated stores, laundries, dining halls, cafeterias, parking facilities, student recreational, entertainment and fitness related facilities, inns, conference and other nondegree educ

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Subject to the approval of the State Fiscal Accountability Authority or Department of Administration, as appropriate, by resolution duly adopted, the university may issue revenue bonds of the university for the purpose of financing or refinancing in whole or in part the cost of acquisition, construction, reconstruction, renovation and improvement of land, buildings, and other improvements to real property and equipment for the purpose of providing facilities serving the needs of the university including, but not limited to: (1) dormitories, apartment buildings, dwelling houses, bookstores and other university operated stores, laundries, dining halls, cafeterias, parking facilities, student recreational, entertainment and fitness related facilities, inns, conference and other nondegree educational facilities and similar auxiliary facilities of the university and any other facilities which are auxiliary to any of the foregoing excluding, however, athletic department projects which primarily serve varsity athletic teams of the university; and (2) those academic facilities as may be authorized by joint resolution of the General Assembly.

Legislative History

HISTORY: 1996 Act No. 302, SECTION 1; 2009 Act No. 2, SECTION 1, eff upon approval (became law without the Governor's signature on April 9, 2009). Effect of Amendment The 2009 amendment designated item (1) from existing text and added item (2) relating to academic facilities as may be authorized by the General Assembly.