South Carolina Statutes
§ 11-41-180 — Infrastructure procurement procedures for research universities.
South Carolina·Title 11 PUBLIC FINANCE·Ch. 41 STATE GENERAL OBLIGATION ECONOMIC DEVELOPMENT BOND ACT
All procurements of infrastructure, as defined in Section 11-41-30 and owned by a research university, as defined in Section 11-51-30(5), shall be exempt from Title 11, Chapter 35, except that such research university must work in conjunction with the State Fiscal Accountability Authority's Chief Procurement Officer to establish alternative procurement procedures. The research university shall submit its alternative procurement procedures to the State Fiscal Accountability Authority for approval. The procurement process shall include provisions for audit and recertification.
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Legislative History
HISTORY: 2004 Act No. 187, SECTION 3.E; 2014 Act No. 121 (S.22), Pt VII, SECTION 20.H.3, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 20.H.3, substituted "State Fiscal Accountability Authority's" for "Budget and Control Board's" in the first sentence, and substituted "Fiscal Accountability Authority" for "Budget and Control Board" in the second sentence.
Nearby Sections
15
§ 11-41-10
Short title.§ 11-41-110
Bonds exempt from taxation.§ 11-41-130
Payment of principal and interest.§ 11-41-140
Sale of bonds.§ 11-41-160
Purchase by fiduciaries.§ 11-41-170
Expenditure of proceeds.§ 11-41-30
Definitions.§ 11-41-40
Issuance of bonds pursuant to chapter.