South Carolina Statutes
§ 11-51-70 — Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.
As a condition precedent to the issuance of general obligation debt pursuant to the provisions of this chapter, the Research Centers of Excellence Review Board shall certify to the state board that at least fifty percent of the cost of each research infrastructure project is being provided by private, federal, municipal, county, or other local government sources. This portion of the cost, in the discretion of the Research Centers of Excellence Review Board, may be in the form of cash; cash equivalent; buildings including sale-lease back; gifts in kind including, but not limited to, land, roads, water and sewer, and maintenance of infrastructure; facilities and administration costs; equipment; or furnishings.
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South Carolina § 11-51-70 (Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2004 Act No. 187, SECTION 9.
Nearby Sections
15
§ 11-51-10
Short title.§ 11-51-110
Resolution by State Budget and Control Board authorizing issuance of general obligation debt.§ 11-51-120
Maturity, payment, and interest rates.§ 11-51-20
Legislative findings and purpose.§ 11-51-200
Construction of Chapter.§ 11-51-30
Definitions.