reglab/housing_qa huggingface dataset:
SC Code § 59-119-720 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-720. Definitions.

 As used in this article:  (1) "Bond" or "bonds" means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter.  (2) "Clemson" means Clemson University.  (3) "Facilities" means any or all of the following facilities operated to provide for the students, faculty, or staff at Clemson: dining or food service facilities; laundry facilities; canteen facilities; vending machines; convenience stores; any other facilities for the sale of sundry items; health services; book stores; parking lots and vehicle registration; and all furniture, furnishings and equipment in them, which are now owned by Clemson, or which may be acquired by Clemson for any of these purposes.  (4) "Revenues" of any facilities means the entire receipts of Clemson from the operation of the facilities. 'Net revenues' means these receipts reduced by the necessary expenses for operation and maintenance of the facilities.  (5) "Authority" means the State Fiscal Accountability Authority.  (6) "Trustees" means the Board of Trustees of Clemson or any successor body.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-730 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-730. Trustees authorization; acquisition of facilities; bond refunds.

 The trustees are authorized to acquire additional facilities and to improve and renovate existing facilities to the extent they determine to be necessary; and the proceeds of bonds authorized by this article are made available for that purpose. The trustees also are authorized to refund bonds that may from time to time be outstanding pursuant to this article by exchange or otherwise.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-740 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-740. Issuance of bonds; limit.

 Upon receiving the approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, and upon review by the Joint Bond Review Committee, the trustees may from time to time borrow such sums as may be necessary to accomplish the purpose of this article and to evidence these borrowings by bonds issued pursuant to this article in such aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there may not be outstanding at any time bonds issued pursuant to this article in excess of twenty-five million dollars.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-750 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-750. Funding of bonds; security, generally.

 Bonds issued pursuant to this article must be payable from the revenues or the net revenues derived by Clemson from these facilities as designated by the trustees with respect to the bonds. The trustees may abandon the use of any portion of the facilities or sell or dispose of any portion of the facilities upon receipt of a written recommendation by the chief financial officer of Clemson to the effect that the action will not adversely affect the ability of Clemson to discharge its obligations to the holders of bonds issued pursuant to this article and upon the further conditions as prescribed in the resolution of the trustees providing for the issuance of bonds. The bonds issued pursuant to this article may be further secured by the additional pledges of other revenues or fees of Clemson as it may be authorized to grant pursuant to other laws of this State.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-760 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-760. Bonds not guaranteed by State; trustees not personally liable.

 The faith and credit of the State may not be pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable for them.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-770 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-770. Bond specifications; issuing resolutions.

 In order to avail themselves of the authorizations set forth in this article, the trustees shall adopt resolutions providing for the issuance of bonds of Clemson, within the limitations mentioned in this article which must prescribe the tenor, terms, and conditions of the bonds. The bonds must be issued as serial or term bonds, maturing in equal or unequal amounts, at such times and on such occasions as the trustees determine. The last maturing bonds of any issue must be expressed to mature not later than fifty years from their date, and the first maturing bonds of any issue, issued pursuant to this article, falls due within five years from their date. They must bear such rates of interest, payable on such occasion, as the trustees prescribe, and the bonds must be in such denominations, payable in such medium of payment, and at such place as such resolutions prescribe. All bonds may be issued with a provision permitting their redemption on any interest payment date before their respective maturities. Bonds made subject to redemption before their stated maturities may contain a provision requiring the payment of a premium for the privilege of exercising the right of redemption, in such amount or amounts as the trustees prescribe in the resolutions authorizing their issuance. All bonds that are subject to redemption must contain a statement to that effect on the face of each bond. The resolutions authorizing their issuance must contain provisions specifying the manner of call and the notice of call that must be given.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-780 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-780. Tax exempt status.

 The bonds authorized by this article and all interest to become due on them have the tax exempt status prescribed by Section 12-1-60.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-790 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-790. Who may invest in bonds.

 It is lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, the Public Employee Benefit Authority and the State Fiscal Accountability Authority, as cotrustees of the South Carolina Retirement System, and all other governmental entities within this State to invest any monies in their hands in the bonds.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-800 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-800. Execution of bonds and coupons; registration as to principal and interest.

 The bonds and coupons, if any, attached to the bonds, are executed manually or by facsimile in the name of Clemson in the manner and by persons as the trustees from time to time determine, and the seal of Clemson must be affixed to or impressed or reproduced on each bond. Any coupons attached to the bonds must be authenticated by the facsimile signature of one or more of the persons signing the bonds. The bonds, in the discretion of the trustees, may be registerable as to principal and interest on books kept for them by or on behalf of Clemson, including by a corporate registrar. The delivery of the executed bonds is valid notwithstanding changes in officers or in the seal occurring after the execution. Notwithstanding the foregoing, the bonds, in the discretion of the trustees, may be issued as fully registered noncertificated book-entry securities.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-810 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-810. Sale; advertisement; discounts.

 The bonds must be disposed of in such manner as the trustees determine, except that no sale, privately negotiated without public advertisement, may be made unless the approval of the State Fiscal Accountability Authority is obtained. If the trustees elect to sell the bonds at public sale, at least one advertisement of them must appear in some newspaper of general circulation in this State not less than seven days before the date fixed for the opening of bids. The bonds may be sold at such discount or for such premium as may be determined by the trustees or their designee as being in the best interest of Clemson.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-830 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-830. No time limit for issuing bonds.

 No time limit is set for the issuance of bonds pursuant to this article.  HISTORY: 1990 Act No. 502, Section 1.
SC Code § 59-119-910 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-910. Legislative findings and intention.

 (A) The General Assembly finds that it is desirable to provide continuing and general statutory authority for Clemson University to incur debt for the purpose of, among other things, acquiring, constructing, renovating, and equipping certain athletic facilities, which debt is secured by a pledge of the revenues derived from the operation of the athletic department of Clemson University and by the proceeds of certain related admissions fees and special fees charged to students enrolled at Clemson University. Clemson University has demonstrated need for additional funds to provide for acquisition, construction, renovation, and equipping of such facilities. These facilities are needed to replace or renovate aging facilities and to provide additional facilities all to the end that the educational environment at Clemson University will be enhanced for the benefit of present and future students at Clemson University.  (B) Consideration has been given to this need and to the methods of funding it. It has been determined to be in the best interests of the people of this State to authorize Clemson University to acquire, construct, renovate, and equip additional such facilities and to incur indebtedness for these purposes which is payable from the revenues derived from the operation of these facilities and from related fees to the extent and under the conditions provided for in this article.  (C) Heretofore, pursuant to Acts 466 of 1957, 905 of 1960, 1277 of 1970, 1653 of 1972, 1303 of 1974, 760 of 1976, and 193 and 194 of 1983, the General Assembly has previously made provision for the issuance of revenue bonds of Clemson University for the purpose of financing and refinancing improvements to the football stadium on the campus of Clemson University known as Memorial Stadium. By this article, the General Assembly intends to amend and restate these acts for the purpose of broadening the scope of athletic facilities on the campus of Clemson University which may be financed or refinanced from the proceeds of bonds which are payable from revenues of the athletic department of Clemson University and related fees.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-930 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-930. Athletic facilities; bond proceeds; bond refunds; bond reserve funds; interest; issuance costs.

 The trustees are authorized to acquire, construct, and equip additional athletic facilities and to improve, renovate, and equip existing athletic facilities to the extent they shall determine to be necessary, and the proceeds of bonds authorized by this article are made available for that purpose. The trustees also are authorized to refund bonds that may from time to time be outstanding pursuant to this article by exchange or otherwise. A portion of the proceeds of bonds issued for any of the above purposes also may be used to fund, establish, or replenish any bond reserve fund, to pay interest on the bonds as provided in Section 59-119-1040(1), or to pay costs of issuance of the bonds or of any credit enhancement for the bonds as may be deemed necessary by the trustees.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-940 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-940. Borrowings; limitations on bonds.

 Upon receiving the approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, and upon review by the Joint Bond Review Committee, the trustees may from time to time borrow such sums as necessary to accomplish the purpose of this article and to evidence such borrowings by bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in excess of two hundred million dollars.  HISTORY: 1997 Act No. 144, Section 1; 2004 Act No. 198, Section 1, eff April 26, 2004; 2007 Act No. 17, Section 1, eff May 8, 2007.  Effect of Amendment  The 2004 amendment substituted "in the aggregate" for "in such aggregate" in two places and substituted "sixty million dollars" for "forty million dollars".  The 2007 amendment substituted "two hundred" for "sixty" million dollars.
SC Code § 59-119-950 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-950. Bonds payable from revenues and fee proceeds; additional pledges; abandonment of use; disposal of facilities.

 Bonds issued pursuant to this article are payable from the revenues or the net revenues as designated by the trustees, as well as from proceeds of the admission fee and the special student fee. Bonds issued pursuant to this article may be further secured by such additional pledges of other revenues or fees of Clemson as Clemson may be authorized to grant pursuant to other laws of this State. The trustees may abandon the use of any portion of the athletic facilities or sell or dispose of any portion of the athletic facilities upon the receipt of a written recommendation by the chief financial officer of Clemson to the effect that such action does not adversely affect the ability of Clemson to discharge its obligations to the holders of bonds issued pursuant to this article and upon such further conditions as prescribed in the resolution of the trustees providing for the issuance of bonds.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-960 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-960. Pledge of state faith and credit prohibited; statement; personal liability.

 The faith and credit of the State must not be pledged for the payment of the principal and interest of such bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable therefor.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-970 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-970. Resolutions for issuance of bonds; maturation; interest rates; redemption; manner of call for redemption; notice.

 In order to avail themselves of the authorizations set forth in this article, the trustees shall from time to time adopt resolutions providing for the issuance of bonds of Clemson, within the limitations herein mentioned, which resolutions shall prescribe the tenor, terms, and conditions of such bonds. Such bonds must be issued as serial or term bonds, maturing in equal or unequal amounts, at such times and on such occasions as the trustees determine. The last maturing bonds of any issue must be expressed to mature not later than fifty years from their date, and the first maturing bonds of any issue, issued pursuant to this article, shall fall due within five years from their date. The bonds shall bear such rates of interest, payable on such occasion, as the trustees shall prescribe, and the bonds must be in such denominations, must be payable in such medium of payment, and at such place as such resolutions prescribe. All bonds may be issued with a provision permitting their redemption on any interest payment date prior to their respective maturities. 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, in such amount or amounts as the trustees shall prescribe in the resolutions authorizing their issuance. All bonds that are subject to redemption shall contain a statement to that effect on the face of each bond. The resolutions authorizing their issuance shall contain provisions specifying the manner of call for redemption and the notice of such call that must be given.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-980 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-980. Tax exempt status.

 The bonds authorized by this act and all interest to become due thereon have the tax exempt status prescribed by Section 12-2-50.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-990 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-990. Investments.

 It is lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, the Public Employee Benefit Authority and the State Fiscal Accountability Authority, as cotrustees of the South Carolina Retirement System, and all other governmental entities within the State to invest any monies in their hands in such bonds.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-1000 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-1000. Execution of bonds and coupons; authentication; bonds registerable as to principal and interest; changes.

 The bonds and the coupons, if any, attached to such bonds, must be executed manually or by facsimile in the name of Clemson in such manner and by such persons as the trustees shall from time to time determine, and the seal of Clemson must be affixed to, or impressed, or reproduced on each bond. Any coupons attached to such bonds must be authenticated by the facsimile signature of one or more of the persons signing the bonds. Such bonds may, in the discretion of the trustees, be registerable as to principal and interest on books kept therefor by or on behalf of Clemson, including by a corporate registrar. The delivery of the bonds so executed are valid notwithstanding changes in officers or in the seal occurring after such execution. Notwithstanding the foregoing, the bonds may, in the discretion of the trustees, be issued as fully registered, noncertificated, book-entry securities.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-1010 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-1010. Disposal of bonds; public sale, advertisement; discount or premium.

 The bonds may be disposed of in such manner as the trustees shall determine, except that no privately negotiated sale without public advertisement may be made without the prior approval of the State Fiscal Accountability Authority. If the trustees shall elect to sell the bonds at public sale, at least one advertisement thereof shall appear in a newspaper of general circulation in the State not less than seven days prior to the occasion fixed for the opening of bids. The bonds may be sold at such discount or for such premium as may be determined by the trustees or their designee as being in the best interest of Clemson.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-1020 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-1020. Bond proceeds; special funds; withdrawals; temporary investments.

 The proceeds of all bonds must be delivered to the State Treasurer or its corporate trust designee and retained in a special fund or funds and applied solely to the purposes for which such bonds have been issued. Withdrawals from the fund must be made on the order or requisition of the university and must 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: 1997 Act No. 144, Section 1.
SC Code § 59-119-1030 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-1030. Provisions for adequate payment of principal and interest; admissions, special student fees; debt service requirements; debt service fund.

 To the end that provisions be made for the adequate payment of the principal of and interest on the bonds:  (1)(a) The trustees shall maintain in full force and effect any necessary admission fees or special student fee on a basis and in such amounts as will be sufficient, after taking into account net revenues and any other funds pledged to the payment of the bonds as provided under Section 59-119-1040(4), to provide for the payment of the principal of and interest on the bonds as the same mature and to provide the required reserve therefor in any bond reserve fund. It is the duty of Clemson to calculate the debt service requirements of the bonds not less frequently than annually and, if required at such time, appropriate revisions of any admission fees or special student fee must be made by the trustees if such revisions are required, after taking into account net revenues for the year, to make adequate provisions for the payment of the principal of and interest on the bonds and the maintenance of any required reserve in a bond reserve fund.  (b) The admissions fees and the special student fee, if any, shall bear such nomenclature as the trustees shall prescribe. The special student fee may, in the discretion of the trustees, be included as a part of any other fee. The trustees shall account for the receipt from any admissions fees and special student fee to the State Treasurer, for deposit by the State Treasurer in the debt service fund.  (c) Notwithstanding any other provisions of this article, until the earlier to occur of (i) May 1, 2000 or (ii) the earlier retirement or defeasance of the $6,935,000 original principal amount Clemson University Stadium Refunding Revenue Bonds, Series 1992, any requirement under the Prior Acts for the trustees to impose an admissions fee or a special student fee shall remain in full force and effect.  (2) The trustees shall cause to be established with the State Treasurer or its corporate trust designee on or before the occasion of the delivery of any bonds pursuant to this article, a debt service fund into which must be deposited annually sufficient funds as provided in this article to meet the payment of principal of and interest on the bonds for such year.  HISTORY: 1997 Act No. 144, Section 1.
SC Code § 59-119-1050 (2021)
2021 South Carolina Code of Laws|Title 59 - Education|Chapter 119 - Clemson University|Section 59-119-1050. Effectiveness of authorizations.

 The authorizations granted by this act shall remain of full force and effect until they shall be rescinded by subsequent enactment, and no time limit is set for the issuance of bonds pursuant to this article.  HISTORY: 1997 Act No. 144, Section 1.