Title 59, Education

(A) The board shall meet in Conway not less than four times each year, the time and place to be fixed by the chairman or as the board provides. The chairman shall preside and, in his absence, a member shall preside as the board may select. The chairman or a majority of the member…

Upon approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, the board is authorized to lease or sell any real property which may have been or may be donated to the university during any fund campaign. The proceeds of any lease o…

For purposes of this article "equipment" means items with a useful life of at least fifteen years.

Coastal Carolina University, in this article referred to as the university, may issue revenue bonds of the university for the purpose of financing or refinancing in whole or in part the cost of construction, reconstruction, improvement, and equipment of buildings for the purposes…

Revenue bonds issued under this article must be authorized by a resolution or resolutions of the board of trustees of the university. The resolution of the university may, in the discretion of the board, contain provisions, which must be a part of the contract between the univers…

Revenue bonds may be issued in one or more series, may bear such date or dates, may mature at such time or times, not exceeding forty years from their respective dates, may bear interest at such rate or rates, may be payable in such medium of payment and at such place or places, …

The bonds must be exempt from state, county, municipal, and school taxes.

The bonds must be signed in the corporate name of the university by the chairman of the board of trustees of the university, under the corporate seal of the university attested by the secretary of the board of trustees. Interest coupons attached to the bonds must be signed by the…

The bonds must be sold at public or private sale upon such terms and conditions as the board of trustees of the university considers advisable.

The board of trustees or its proper administrative officers shall file with the State Treasurer within thirty days from the date of their issuance a complete description of all obligations entered into by the board, with the rates of interest, maturity dates, annual payments, and…

All provisions of a resolution authorizing or providing for the issuance of the bonds in accordance with Section 59-136-320 and of the covenants and agreements constitute valid and legally binding contracts between the university and the several holders of the bonds, regardless o…

The bonds must be made payable solely from the revenues derived by the university from the operation of the building or equipment for which the bonds are issued or, in the discretion of the board of trustees of the university, from the revenues and also from any other revenues of…

On July 1, 1993, the employees, current appropriations, assets, and liabilities of Coastal Carolina College of the University of South Carolina System are transferred to Coastal Carolina University herein established. All classified or unclassified personnel employed by Coastal C…

(A) No later than June 30, 1995, the Budget and Control Board shall issue state institution bonds pursuant to Title 59, Chapter 107, on behalf of Coastal Carolina University to refund and defease all state institution bonds issued on behalf of the University of South Carolina whi…

Wherever the term "Coastal Carolina College" or any similar variation appears in any provision of law, it shall be construed to mean "Coastal Carolina University".

The Budget and Control Board, in consultation with the Commission on Higher Education where necessary, shall prescribe the manner in which the transfer provided in this chapter shall be accomplished.