Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning

  1. Law
  2. South Carolina Code of Laws
  3. Education
  4. Educational Facilities Authority Act For Private Nonprofit Institutions Of Higher Learning

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Section
59-109-10

Short title.

Section
59-109-20

Legislative declaration of policy and purpose.

Section
59-109-30

Definitions.

Section
59-109-40

Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning.

Section
59-109-50

Purpose of authority; powers enumerated.

Section
59-109-60

Expenses.

Section
59-109-70

Acquisition of property by authority.

Section
59-109-80

Transfer of property to participating institution after payment of bonds; option to renew lease or purchase project prior to retirement of bonds.

Section
59-109-90

Bond anticipation notes; issuance, terms, form, and execution of bonds and notes.

Section
59-109-100

Trust agreement to secure bonds.

Section
59-109-110

Bonds not considered debt or liability of State or any political subdivision.

Section
59-109-120

Institutions to complete projects if bond proceeds insufficient; payments required; disposition of monies received.

Section
59-109-130

Monies received deemed trust funds.

Section
59-109-140

Enforcement of rights of bondholders.

Section
59-109-150

Exemption from taxation.

Section
59-109-160

Bonds as legal investments.

Section
59-109-170

Annual reports.

Section
59-109-180

Chapter as supplemental; authority not subject to regulation, approval, or consent of other agencies or the like.