2017 South Carolina Code of Laws
Title 59 - Education
CHAPTER 117 - UNIVERSITY OF SOUTH CAROLINA
Section 59-117-80. Board authorized to lease or sell real property donated during fund campaign.
After obtaining the approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, the board of trustees of the University of South Carolina is authorized to lease or to sell and convey from time to time any real property which may have been or may hereafter be donated to the University in the course of its current greater university fund campaign, or any similar campaign which may be conducted at any future time, for such consideration and upon such terms and at such times and in such manner as shall be set forth in the resolution of approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate. The proceeds of any such lease or sale shall be applied to the original purpose of the donation of the property leased or sold.
HISTORY: 1962 Code Section 22-107.1; 1962 (52) 2237.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
