reglab/housing_qa huggingface dataset:
SC Code § 59-53-154 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-154. Bond issues; full faith and credit of State shall not be pledged.

 The faith and credit of the State shall not be pledged for the payment of the principal and interest of any bonds issued pursuant to this article and there shall be on the face of each bond a statement plainly worded to that effect. Neither the members of the board nor any other person executing the bonds shall be personally liable thereon.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-155 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-155. Bond issues; resolutions by board; limitations.

 In order to utilize the authorizations of this article, the board on behalf of any college may adopt resolutions providing for the issuance of bonds for the college within the limitations herein mentioned, and by such resolution shall prescribe the tenor, terms and conditions of the bonds and the obligations of the college incurred in connection with their issuance. The bonds for any college may be issued either as a single issue or from time to time as several separate issues. In the event that the bonds for any college shall be issued as two or more issues, then notwithstanding, all bonds for such college shall be on a parity in all respects inter sese and shall be equally and ratably entitled to payment from the special student fee imposed at the college; provided, that in instances where an area commission is in charge of the operations of any college, the approval of the area commission to the action of the board authorized by this section shall be first obtained.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-156 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-156. Bond issues; maturing provisions; interest; redemption.

 The bonds shall be issued as serial bonds, maturing in equal or unequal amounts, at such time and on such occasions and shall be in such denominations as the board shall determine; provided, that the last maturing bonds of any issued shall be expressed to mature not later than forty years from their date, and the first maturing bonds of any issue shall fall due not later than three years from their date. The bonds shall bear such rate or rates of interest within the limitation of Section 11-9-350 of the 1976 Code, payable on such occasions as the board shall prescribe, and shall be payable in such medium of payment and at such place as such resolutions shall prescribe. Any bonds may be issued with provisions permitting their redemption prior to their stated maturity, at such time and under such conditions as the board shall prescribe. Bonds made subject to redemption prior to their stated maturities may contain a provision requiring the payment of a premium for the privilege of exercising the right of redemption, within such limitations as the board shall prescribe. All bonds that are subject to redemption shall contain a statement to that effect on the face of each bond. Any resolution authorizing redeemable bonds shall contain provisions specifying the manner of call and the notice thereof that must be given.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-157 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-157. Bond issues; negotiable coupon bonds or fully registered bonds.

 The bonds may be in the form of negotiable coupon bonds, payable to bearer, with the privilege to the holder of having them registered as to principal on registry books kept for the college by the State Treasurer, and the principal thus made payable to the registered holder, unless the last registered transfer shall have been to bearer, upon such conditions as the board shall prescribe, or the bonds may be issued as fully registered bonds in such form as may be prescribed by the board. If issued as fully registered bonds, it may be provided that they may thereafter be converted into negotiable coupon bonds of the tenor first above described.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-158 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-158. Bond issues; tax-exempt status.

 The bonds and all interest to become due thereon shall have the tax-exempt status prescribed by Section 12-1-60 of the 1976 Code.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-159 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-159. Bond issues; executors and administrators.

 It shall be lawful for all executors, administrators, guardians and fiduciaries to invest any moneys in their hands in bonds.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-160 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-160. Bond issues; executed in name of subject college.

 The bonds, and the coupons, if any, attached to the bonds, shall be executed in the name of the college for whom the bonds are issued in such manner and by such person as the board shall from time to time determine, and the seal of the board shall be reproduced, affixed to or impressed on each bond. Any coupons attached to the bonds shall be authenticated by the facsimile signatures of one or more of the persons signing the bonds. The delivery of the bonds and coupons so executed shall be valid notwithstanding changes in officers or seal occurring after such execution and prior to the delivery thereof.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-161 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-161. Bond issues; disposal of bonds.

 All bonds shall be disposed of in such manner as the board shall determine, except that no sale, privately negotiated without public advertisement, shall be made unless the approval of the State Fiscal Accountability Authority shall be obtained. If the board shall elect to sell the bonds at public sale, at lease one advertisement thereof shall appear either in a financial paper published in New York City, or some newspaper of general circulation in South Carolina, not less than seven days prior to the occasion fixed for the opening of bids.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-162 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-162. Proceeds of bonds.

 The proceeds of all bonds shall be delivered to the State Treasurer and retained by him in a special fund or funds and applied solely to the purposes for which the bonds shall have been issued. Withdrawals from the fund shall be made on the order or requisition of the board and shall be in such form as the State Treasurer shall prescribe. The State Treasurer may make temporary investments of funds derived from the proceeds of bonds in the manner prescribed by law.  HISTORY: 1978 Act No. 646, Section 5; 1980 Act No. 517 Part IV, Section 4.
SC Code § 59-53-163 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-163. Bond reserve fund and student fee.

 To the end that provision be made for the adequate payment of the principal of and interest on the bonds, the board shall be empowered as follows:  (1) To immediately establish a bond reserve fund for the college for whom bonds are to be issued.  (2) To impose a special student fee, in addition to all other fees and charges, upon each person at such college under such conditions as the board shall determine.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-164 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-164. When student fee is payable; payment of costs from reserve fund.

 Each special student fee shall be in such amount and shall be payable on such occasions as shall be provided by the schedule or schedules which shall from time to time be promulgated by the board, which is authorized to revise any such schedule from time to time when required by the provisions of this article by any resolution of the board authorizing the issuance of any bonds.  A special student fee at any college may, in the discretion of the board, be made effective as of July 1, 1978, notwithstanding that bonds authorized by this article may not be issued for the college until some subsequent date. All moneys received therefrom prior to the issuance of the bonds shall be deposited in the bond reserve fund for the college.  Prior to the issuance of any bonds, moneys in the bond reserve fund may be used to pay costs incurred or to be incurred in connection with any plant improvements which may be acquired by the board in accordance with the provisions of Section 59-53-152 and the State Treasurer may honor requisitions of the board drawn for such purposes. Subsequent to the issuance of any bonds pursuant to this article, moneys in the bond reserve fund shall be used only to meet the payment of the principal of and interest on the bonds, except that if accumulations of the bond reserve fund shall become greater than the amount prescribed by the board in the resolution adopted pursuant to 59-53-155, such excess moneys may with the permission of the State Fiscal Accountability Authority be applied to additional plant improvements.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-165 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-165. Board's power regarding resolutions authorizing bond issues.

 In the resolutions authorizing the issuance of bonds for any college, the board shall be empowered as follows:  (1) To covenant that the bond reserve fund for such college shall be maintained throughout the life of the bonds.  (2) To covenant and agree throughout the life of any bonds issued pursuant to this article that the special student fee for such college shall be imposed, maintained and revised when necessary, in such amount, without limitation as to rate, as shall be sufficient to meet the payment of the principal and interest of the bonds as they become due and to maintain the bond reserve fund to the extent provided for therein.  (3) To establish the debt service fund which shall be maintained in the hands of the State Treasurer.  (4) To covenant that all revenues derived from the special student fee shall be paid into the bond reserve fund or the debt service fund.  (5) To establish appropriate rules requiring the prompt payment of the special student fee.  (6) To covenant as to the use of the proceeds of the sale of the bonds.  (7) To provide for the terms, forms, registration, exchange, execution and authentication of bonds and for the replacement of lost, destroyed or mutilated bonds.  (8) To covenant for the mandatory redemption of bonds on such terms and conditions as the resolutions authorizing the bonds may prescribe.  (9) To prescribe the procedure by which the terms of the contract with the bondholders may be amended, the number of bonds whose holders must consent thereto and the manner in which the consent shall be given.  (10) To covenant to insure any plant improvements paid for with the proceeds of the bonds against loss by fire, or other casualty.  (11) To prescribe the events of default and the terms and conditions upon which all or any bonds shall become or may be declared due before maturity, and the terms and conditions upon which such declaration and its consequences may be waived.  (12) To reserve the right to issue additional bonds, payable from the special student fee to the extent to which the board may hereafter become authorized to issue additional bonds, either pursuant to this section or pursuant to other legislation hereafter enacted, and to prescribe the conditions under which such bonds may be issued.  (13) To make such further covenants and agreements as may be necessary or desirable in order to market the bonds.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-166 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-166. State Treasurer may accept custody of receipts from special student fee.

 The State Treasurer may accept custody of receipts and revenues derived from any special student fee, to deposit them in the applicable debt service fund and in the applicable bond reserve fund and to utilize the proceeds of the debt service fund and the bond reserve fund for the payment of the principal of and interest on bonds, as and when they become due and payable. It shall be the duty of the board to make provision for the transmission of the proceeds of each special student fee to the State Treasurer. Moneys in the debt service fund and the bond reserve fund may be invested and reinvested in obligations of the United States or any agency thereof with maturities consonant with the need for funds to meet the payment of the principal of and interest on the bonds.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-167 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-167. Article not intended to limit any college.

 It is not intended by this article to limit any college in the construction of the plant improvements to the sums herein provided. If the college obtains funds from other sources for such purpose it may apply them to the plant improvements.  HISTORY: 1978 Act No. 646, Section 5.
SC Code § 59-53-168 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-168. Administrative efficiency for State Board for Technical and Comprehensive Education; advisory board.

 (A) The State Board for Technical and Comprehensive Education (state board) is granted the authority to employ and administer certain administrative efficiency provisions provided in Sections 11-35-1210, 11-35-1550(2), 11-35-3310, 11-35-4810, 1-7-170, 59-101-620, and 1-11-55(2) of the 1976 Code. The state board shall establish a tiered system for categorizing technical colleges with respect to their financial strength and ability to manage day-to-day operations. Technical colleges, by way of application from their area commissions, may request the state board apply these administrative efficiency provisions to their respective institutions. The state board shall review the technical college's request and determine the proper category for the technical college.  (B) The state board shall establish an advisory board to provide oversight and review of the provisions of this chapter. The state board shall submit an annual report on oversight to the Governor, the Chairman of the House Ways and Means Committee, and the Chairman of the Senate Finance Committee by November fifteenth of each year and shall submit a report every two years to include how changes have benefitted the agency to the Governor and the Chairmen of the House Ways and Means Committee, the Senate Finance Committee, the House Education and Public Works Committee, and the Senate Education Committee.  HISTORY: 2011 Act No. 74, Pt VI, Section 14, eff August 1, 2011.
SC Code § 59-53-210 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-210. Creation of District; Commission.

 There is created the Tri-County Technical College District, consisting of the counties of Anderson, Oconee, and Pickens, controlled and managed by a commission known as the Tri-County Technical College Commission.  HISTORY: 1962 Code Section 21-705; 1962 (52) 2210; 2002 Act No. 292, Section 2A.
SC Code § 59-53-220 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-220. Members of Commission; terms.

 The Commission shall consist of nine members, three from each county, to be elected by a majority of the legislative delegations of the respective counties, including the Senators. The term for one member from each county shall expire on April 1, 1963, the term for one member from each county shall expire on April 1, 1964, and the term for one member from each county shall expire on April 1, 1965. The successors of the original members shall serve for terms of three years or until their successors have been elected and qualified.  HISTORY: 1962 Code Section 21-705.1; 1962 (52) 2210.
SC Code § 59-53-230 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-230. Officers of Commission; conduct of business.

 The Commission shall elect from its number a chairman and such other officers as may be deemed expedient, and shall make such rules and regulations for the conduct of its business as are not contrary to law.  HISTORY: 1962 Code Section 21-705.2; 1962 (52) 2210.
SC Code § 59-53-240 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-240. Technical college.

 The commission shall provide for the creation, maintenance, and operation of a technical college to be located in one of the three counties as the commission designates, and there must be developed and carried out at the college a program of adult pre-employment, adult extension, and high school pre-employment training for residents of the district and other persons the commission designates upon the terms the commission requires.  HISTORY: 1962 Code Section 21-705.3; 1962 (52) 2210; 2002 Act No. 292, Section 2B.
SC Code § 59-53-250 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-250. Cost of operation and maintenance of center.

 All expenses of original cost and cost of operation and maintenance of the center, and expenses of the Commission, shall be borne by the three counties as follows: Anderson County, fifty per cent; Oconee County, twenty-five per cent; and Pickens County, twenty-five per cent.  HISTORY: 1962 Code Section 21-705.4; 1962 (52) 2210.
SC Code § 59-53-260 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-260. Disposition of center.

 The center, including the real property, shall not be disposed of except upon approval of a majority of the delegations of all three counties, including the Senators.  HISTORY: 1962 Code Section 21-705.5; 1962 (52) 2210.
SC Code § 59-53-270 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-270. Powers of commission.

 The Commission is vested with authority to:  (1) Employ personnel;  (2) Accept and administer funds or equipment from other governmental agencies, individuals, or corporations;  (3) Enter into such contracts as may be necessary to carry out the purposes of the center;  (4) Acquire, own, and sell property, real and personal.  HISTORY: 1962 Code Section 21-705.6; 1962 (52) 2210.
SC Code § 59-53-280 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-280. Audit.

 The Commission shall furnish to the members of the three legislative delegations who provide county funds an annual audit of the receipts and expenditures of the center.  HISTORY: 1962 Code Section 21-705.7; 1962 (52) 2210.
SC Code § 59-53-290 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 53 - Technical And Vocational Education And Training|Section 59-53-290. Ground lease agreements.

 (A) The Area Commission of Tri-County Technical College, with the approval of the State Department of Administration or State Fiscal Accountability Authority, as appropriate, may enter into one or more ground lease agreements with a private entity in which the private entity provides all services necessary for the creation and operation of an on-campus facility, the purpose of which must be determined by the commission including, but not limited to, financing, designing, constructing, managing, operating, maintaining, and related services. Upon expiration of the ground lease agreement term, the private entity shall surrender to the college the premises with the existing buildings, other structures, and improvements constructed and located on the premises, in the same condition as when the construction of the buildings, other structures, and improvements were completed, with only natural and normal wear and tear excepted. The State Department of Administration or State Fiscal Accountability Authority, as appropriate, shall first approve all ground lease agreement terms and conditions including the consideration involved. The full faith and credit of the State toward the lease obligations may not be pledged, and a statement to the contrary is deemed null and void as a matter of public policy. The approval required is in lieu of or a substitute for other approval required by another provision of law or regulation in connection with the undertaking of the private entity and the college; however, the private entity and the college shall adhere to fire, life, and safety codes as required by the Office of the State Engineer.  (B) The Area Commission of Tri-County Technical College, upon the approval of the State Department of Administration or State Fiscal Accountability Authority, as appropriate, may enter into a lease or lease purchase agreement with a private entity for the entity to occupy a college facility or a facility to be built by the college on college property for the purpose of conducting an entrepreneurial or commercial activity.  (C) The Area Commission of Tri-County Technical College, upon approval of the State Department of Administration or State Fiscal Accountability Authority, as appropriate, may enter into a ground lease with a private entity for the private entity to build a facility on property of the college in which the private entity will conduct an entrepreneurial or commercial activity consistent with the scope and mission of the college.  (D) In implementing the provisions of subsections (B) and (C), full compliance with the provisions of Article X, Section 11 of the Constitution of this State is required.  (E) Neither this section, nor the approval required by this section, exempts any transaction or entity from complying with Chapter 35 of Title 11.  HISTORY: 2008 Act No. 275, Section 8, eff June 5, 2008.