reglab/statecodes huggingface dataset:
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-310. Purpose.

(A) The General Assembly finds that it is desirable to provide continuing and general statutory authority for The Citadel 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 The Citadel or by the proceeds of certain related admissions fees and special fees charged to students enrolled at The Citadel, or by both. The Citadel 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 The Citadel will be enhanced for the benefit of present and future students at The Citadel.
(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 The Citadel 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 or from related fees to the extent and under the conditions provided for in this article, or from both. It is specifically provided that the visitors are authorized to pledge the proceeds of the admissions fee and the special student fee as security for the bonds without pledging the revenue derived from the operation of the athletic department.
HISTORY: 2000 Act No. 356, Section 2(B); 2002 Act No. 299, Section 1.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-330. Visitors authorized to acquire, construct, renovate, and equip athletic facilities; bond management costs.

The visitors 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 visitors 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 59-121-440(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 visitors.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-340. Authorization to borrow funds and issue bonds; amount limitations.

Upon receiving the approval of the State Fiscal Accountability Authority or Department of Administration, as appropriate, and upon review by the Joint Bond Review Committee, the visitors 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 such 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 thirty-five million dollars.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-350. Sources of funds to secure bonds; disposition of athletic facilities

Bonds issued pursuant to this article are payable from the revenues or the net revenues as designated by the visitors, or from proceeds of the admissions fee and the special student fee, or from both. Bonds issued pursuant to this article may be further secured by such additional pledges of other revenues or fees of The Citadel as The Citadel may be authorized to grant pursuant to other laws of this State. The visitors 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 The Citadel to the effect that such action does not adversely affect the ability of The Citadel 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 visitors providing for the issuance of bonds.
HISTORY: 2000 Act No. 356, Section 2(B); 2002 Act No. 299, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-360. Liability of State and persons signing bonds for payment of principal and interest.

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 visitors nor any other person signing the bonds is personally liable therefor.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-370. Resolutions for issuance of bonds; contents and conditions.

In order to avail themselves of the authorizations set forth in this article, the visitors shall from time to time adopt resolutions providing for the issuance of bonds of The Citadel, 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 visitors determine. The last maturing bonds of any issue must be expressed to mature not later than thirty years from their date, and the first maturing bonds of any issue, issued pursuant to this article, shall fall due within three years from their date. The bonds shall bear such rates of interest, payable on such occasion, as the visitors 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 visitors 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: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-390. Fiduciaries as authorized investors.

It is lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, the Public Employee Benefit Authority or 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: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-400. Execution of bonds and coupons; change of issuing officers or seal; issuance as fully registered, noncertificated, book-entry securities.

The bonds and the coupons, if any, attached to such bonds, must be executed manually or by facsimile in the name of The Citadel in such manner and by such persons as the visitors shall from time to time determine, and the seal of The Citadel 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 visitors, be registerable as to principal and interest on books kept therefor by or on behalf of The Citadel, 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 visitors, be issued as fully registered, noncertificated, book-entry securities.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-410. Disposition of bonds; private sale; discounts or premiums.

The bonds may be disposed of in such manner as the visitors shall determine, except that no privately negotiated sale without public advertisement may be made without the prior approval of the State Fiscal Accountability Authority. The bonds may be sold at such discount or for such premium as may be determined by the visitors or their designee as being in the best interest of The Citadel.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-420. Delivery of bond proceeds to State Treasurer; maintenance in 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 Citadel 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: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-430. Provisions for adequate payment of principal and interest on bonds.

To the end that provisions be made for the adequate payment of the principal of and interest on the bonds:
(1)(a) The visitors 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 59-121-440(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 The Citadel to calculate the debt service requirements of the bonds not less frequently than annually and, if required at such time, appropriate revisions of any admissions fees or special student fee must be made by the visitors 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, must bear such nomenclature as the visitors shall prescribe. The special student fee may, in the discretion of the visitors, be included as a part of any other fee. The visitors 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.
(2) The visitors 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: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 121 - The Citadel, The Military University Of South Carolina › Section 59-121-450. Duration of authorizations granted by article; time limit for issuance of bonds.

The authorizations granted by this article must remain of full force and effect until they are rescinded by subsequent enactment, and no time limit is set for the issuance of bonds pursuant to this article.
HISTORY: 2000 Act No. 356, Section 2(B).
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-10. Definitions.

As used in this chapter:
(1) "Auxiliary facilities" means any dining or food service facilities operated to provide for the students, faculty, or staff at The Citadel, any lodging facilities provided for temporary use by student, faculty, staff, or guests of any of them or of The Citadel, and such other facilities or activities, including laundry facilities and facilities for the sale of sundry items, as are determined by the board to be necessary or appropriate in connection with student and faculty housing or other auxiliary facilities.
(2) "Board" means the Board of Visitors of The Citadel.
(3) "Bond" or "bonds" means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter.
(4) "Facilities" means student and faculty housing auxiliary facilities or either of them.
(5) "Maximum annual debt service" means the total amount of principal, premium, if any, and interest due and payable by The Citadel in any fiscal year of The Citadel.
(6) "Revenues" means receipts of The Citadel from the operation of any of the facilities. 'Net revenues' means these receipts reduced by the necessary expenses for operation and maintenance of the facilities.
(7) "Authority" means the State Fiscal Accountability Authority.
(8) "Student and faculty housing" means any dormitories, barracks, or similar facilities intended for occupancy by students resident at The Citadel and any apartment or residence intended for occupancy by permanent or temporary members of the faculty or lecturers and authorized staff members at The Citadel.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-20. Authority to acquire, maintain, or rehabilitate student and faculty housing; authority to incur debt and issue bonds.

(A) The board is authorized to acquire and maintain, by construction and purchase, such student and faculty housing and auxiliary facilities as it determines to be necessary, appropriate, or convenient to assist in the proper and efficient operation of The Citadel. The board is further authorized to undertake the renovation, refurbishment, or rehabilitation of any of its student and faculty housing and auxiliary facilities as it considers appropriate. In connection with this acquisition or renovation, the board also is authorized to acquire equipment, furnishings, and machinery as are necessary or desirable for the efficient and proper use of the facilities.
(B) To provide the money necessary to pay the costs incurred in the exercise of its powers, the board is authorized to incur indebtedness, the principal amount outstanding at any time may not exceed twenty-five million dollars and to apply the proceeds in accord with Section 59-122-30 of this chapter. The board is authorized to issue bond anticipation notes as provided in Chapter 17 of Title 11 and to refund or advance refund any bonds issued pursuant to this at such terms and under such conditions as it considers appropriate, with State Fiscal Accountability Authority or the Department of Administration, as appropriate, approval, following review by the Joint Bond Review Committee.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-30. Disposition of proceeds from sale of bonds.

Any accrued interest received by The Citadel from the initial purchasers of the bonds must be used to pay the first maturing installment of interest on the bonds. The proceeds from the sale of bonds must be applied solely to the following:
(1) all costs incurred in connection with the issuance and sale of the bonds, including, but not limited to, any fees and expenses of any counsel or financial advisors, printing and rating agency costs, and the fees and expenses of any paying agent, fiduciary, registrar, or similar agent;
(2) all costs of acquiring or renovating any facilities, including, but not limited to, any architectural, design, engineering survey, or planning costs and any charges for the construction or acquisition of facilities, including, but not limited to, any necessary licenses, insurance, or bonding in connection with it; and
(3) interest on the bonds and other carrying charges until the facilities being acquired or renovated are placed in service.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-40. Requirements for issuance of bonds.

(A) No bonds may be issued under the provisions of this chapter unless:
(1) the State Fiscal Accountability Authority or Department of Administration, as appropriate, following review by the Joint Bond Review Committee, approves the Board of Visitors' issue proposal; and
(2) the Board of Visitors demonstrates to the satisfaction of the State Fiscal Accountability Authority or Department of Administration, as appropriate, that one of the following tests is met:
(a) the net revenues that are to be pledged to the payment of any proposed issue of bonds, and any gifts, donations, and other funds, other than appropriated state funds, and the income from these sources to which The Citadel is entitled, which may be pledged to the payment of the bonds (including those proposed for issue), for the fiscal year preceding the date on which the issue of the bonds occurs, are equal to or greater than one hundred ten percent of the Maximum Annual Debt Service on all bonds (including those then being issued); or
(b) in the case of any refunding, the principal and interest payments due on the refunding bonds may not be greater than the principal and interest requirements on the bonds being refunded.
(B) The debt service on any bonds which is no longer outstanding within a year after the date of issue of any proposed bonds may be excluded in applying these tests. The test stated in (b) above is not exclusive with respect to refunding bonds which may qualify under any other tests or any other provisions of law.
(C) Before issuing any bonds, the Board of Visitors shall file a petition with the State Fiscal Accountability Authority or Department of Administration, as appropriate, which sets forth the nature and cost of the facilities to be acquired or renovated, the details of the bonds proposed to be issued, and the financial data and other information needed to demonstrate compliance with one of the foregoing tests.
(D) Following receipt of the petition and supporting information, the State Fiscal Accountability Authority or Department of Administration, as appropriate, shall make what it considers to be an appropriate independent study of the proposal, and, if it finds the proposal to be feasible, the board may approve the issuance of the bonds.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-50. Security for payment of bonds.

The Citadel may pledge any part or all of the revenues or net revenues derived or to be derived from any or all of the facilities as security for the payment of any bonds. In addition, The Citadel may pledge any gifts, donations, and funds, other than appropriated state funds, and the income from those sources to which The Citadel is entitled, as security for the payment of any bonds. As additional security, The Citadel may establish a reserve fund, which may be funded from the proceeds of the bonds, to provide for payment on the bonds.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-60. State's faith and credit not pledged for payment; board members not personally liable.

The faith and credit of the State of South Carolina is not 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 members of the board nor any other person signing the bonds are personally liable for them.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-70. Issuance of bonds.

The board shall adopt resolutions providing for the issuance of bonds of The Citadel, which prescribe the tenor, terms, and conditions of the bonds. The bonds may be issued as serial or term bonds, maturing in equal or unequal amounts, at such times, and on such occasions as the board may determine. If any bonds are issued as term bonds, a sinking fund must be established to provide for their retirement. The last maturing bonds of any issue must be expressed to mature not later than forty years from their date and the first maturing bonds of any issue must fall due within five years from their date. The bonds must bear such rates of interest, be payable in the denominations, in the medium of payment, and at the place as prescribed by resolutions. All bonds may be issued with a provision permitting their redemption on any interest payment date before their respective maturities as the board prescribes. 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 board prescribes in the resolutions authorizing their issuance. All bonds subject to redemption must contain a statement to that effect on the face of each bond. The resolution authorizing their issuance must contain provisions specifying the manner of call and the notice of call that must be given.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-80. Bonds may be registered; debt by book-entry only system permitted; verification of bonds.

Bonds issued pursuant to this chapter may be in fully registered form with ownership recorded on books of registry kept for that purpose by or at the direction of the board. The board may also provide for the incurrence of debt through use of a book-entry only system to be maintained by a securities depositary. The bonds may be executed by the manual or facsimile signatures of the officers as may be designated by the board, or the board may provide for such other means of verification of authenticity of the bonds as it may consider appropriate. In the event of any change in officials, bonds executed before the change continue to be valid.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-100. Investment in bonds by fiduciaries permitted.

It is lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, and the Public Employee Benefit Authority and the State Fiscal Accountability Authority as cotrustees of the South Carolina Retirement System to invest any monies in their possession in these bonds.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 122 - The Citadel Housing Revenue Bonds › Section 59-122-110. Sale of bonds by board; notice.

The bonds may be disposed of in such manner as the board determines, except that no sale, privately negotiated without public advertisement, may be made unless approved by the State Fiscal Accountability Authority. If the board elects to sell the bonds at public sale, at least one advertisement of the sale must appear in a newspaper of general circulation in South Carolina not less than ten days before the opening of bids and, if no date is fixed in that advertisement, a subsequent notice must be provided either by like publication or other form of notice to parties requesting the notification not less than the business day before the sale.
HISTORY: 1989 Act No. 102, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-10. Change of name; programs limited to health area; new programs and organizational changes.

The name of the Medical College of South Carolina is hereby changed to "The Medical University of South Carolina," it being the intent that this institution will limit its programs to those in the health area. It is further intended that any new programs undertaken by the institution will first be approved by the Commission on Higher Education and that no organizational changes in the operation and management of the institution shall be made as a result of the change in name.
HISTORY: 1962 Code Section 22-350; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-20. Acceptance of transfer of property.

The State of South Carolina hereby expressly declares that it accepts the conveyance and transfer of the property, real and personal, of The Medical University of South Carolina and the State Treasurer may receive and securely hold such property, both real and personal, and execute the necessary papers and receipts therefor as soon as the trustees and faculty of The Medical University of South Carolina shall convey and transfer such property to the State.
HISTORY: 1962 Code Section 22-351; 1952 Code Section 22-351; 1942 Code Section 5794; 1932 Code Section 5794; Civ. C. '22 Section 2813; 1913 (28) 188; 1952 (47) 1875; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-30. Charter confirmed.

The charter of The Medical University of South Carolina is hereby confirmed and extended with all the rights and privileges granted heretofore by the original act of incorporation or by any subsequent extension of its charter.
HISTORY: 1962 Code Section 22-352; 1952 Code Section 22-352; 1942 Code Section 5795; 1932 Code Section 5795; Civ. C. '22 Section 2814; 1913 (28) 188; 1952 (47) 1875; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-40. Composition of board of trustees.

The management and control of the university shall be vested in a board of trustees, to be composed as follows: the Governor or his designee, ex officio, fourteen members to be elected by the General Assembly in joint assembly and one member to be appointed by the Governor. The Governor shall make the appointment based on merit regardless of race, color, creed, or gender and shall strive to assure that the membership of the board is representative of all citizens of the State of South Carolina.
HISTORY: 1962 Code Section 22-353; 1952 Code Section 22-353; 1942 Code Section 5796; 1932 Code Section 5796; Civ. C. '22 Section 2815; 1913 (28) 188; 1937 (40) 486; 1965 (54) 639; 1969 (56) 444; 1983 Act No. 130, Section 10; 1991 Act No. 248, Section 6; 2012 Act No. 176, Section 7, eff May 25, 2012.
Effect of Amendment
The 2012 amendment substituted "fourteen" for "twelve".
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-70. Annual report of board.

The board of trustees shall meet annually at the call of the chairman of the board and at such meeting shall prepare and present to the General Assembly a report on the condition of the university and of their receipts and expenditures for the preceding year and shall also prepare for presentation to the General Assembly an estimate of the sum required for the maintenance of the university for the next succeeding year.
HISTORY: 1962 Code Section 22-357; 1952 Code Section 22-357; 1942 Code Section 5799; 1932 Code Section 5799; Civ. C. '22 Section 2818; 1913 (28) 188; 1953 (48) 402; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-80. Board authorized to grant rights-of-way for widening and extending streets; president authorized to sign necessary documents.

The board of trustees of The Medical University of South Carolina may grant rights-of-way, easements, or otherwise convey to the city council of Charleston such property as they deem necessary and required for the purpose of widening and extending streets through The Medical University land when it shall be to the advantage of The Medical University. The president of The Medical University may sign all documents necessary to complete the transactions herein provided for, after they have been approved in writing by the board of trustees in each such instance.
HISTORY: 1962 Code Section 22-358; 1954 (48) 1714; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-90. Board vested with power of eminent domain.

The board of trustees of The Medical University of South Carolina is vested with the power of eminent domain. The authority granted in this section applies only to private lands. The lands condemned must be used by The Medical University in the performance of its functions in the acquisition, construction, and operation of facilities for the University. Any new construction undertaken by The Medical University within the corporate limits of the City of Charleston must be done in compliance with the parking regulations and ordinances of that city to the degree that the number of parking spaces required by the regulations and ordinances must be provided on Medical University property.
HISTORY: 1962 Code Section 22-369; 1975 (59) 49; 1987 Act No. 173, Section 54.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-95. Board may borrow to purchase diagnostic and therapeutical equipment.

In order to raise moneys which are required to pay the cost of diagnostic and therapeutical equipment for use in the hospital operated by The Medical University of South Carolina (The Medical University), the Board of Trustees of the University with the approval of the State Fiscal Accountability Authority of South Carolina (the state board) may borrow such amounts as shall be required for such purposes. Not more than two million dollars of debt created pursuant to this section shall be outstanding at any time.
The borrowing authorized by this section shall be in the form of notes of The Medical University payable solely from charges for the service or use rendered by the equipment. Upon its acquisition, an appropriate schedule of charges shall be placed in effect and maintained. All moneys received from the charges shall be remitted to the State Treasurer and deposited in a special fund to be applied to the payment of the principal and interest on the notes. With the approval of the state board any surplus in such fund may be used as a revolving fund to purchase additional diagnostic and therapeutic equipment.
No note may be issued hereunder unless the use of its proceeds, its terms, its maturities and the service charge to be imposed for the use of the purchased equipment is approved by the state board.
The charges imposed by authority of this section shall be in addition to the "special charge" established and maintained pursuant to Section 14 of act 1654 of 1972 imposed to secure in part all Plant Improvement Bonds of The Medical University now or hereafter issued.
HISTORY: 1977 Act No. 219, Part II, Section 17; 1978 Act No. 644, Part II, Section 42.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-100. Rules governing admissions not changed.

Nothing contained in Sections 59-111-510 to 59-111-580 shall be construed to alter in any manner the law, rules or regulations governing admissions of students to The Medical University of South Carolina and all admissions of beneficiaries of scholarships under said sections shall be likewise subject to approval by the admitting authorities in the same manner as otherwise provided by law.
HISTORY: 1962 Code Section 22-364; 1952 Code Section 22-364; 1948 (45) 1966; 1952 (47) 1875; 1969 (56) 444.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-110. College of Dental Medicine established.

In addition to the present facilities, activities and colleges of The Medical University of South Carolina, there is hereby created and established a four-year college of dental medicine, to be located in Charleston, South Carolina, as a part of The Medical University, and to be known as the College of Dental Medicine of The Medical University of South Carolina; and the board of trustees of the University may commence operations of the college as soon as practicable.
HISTORY: 1962 Code Section 22-365; 1953 (48) 320; 1969 (56) 444; 1980 Act No. 302, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-115. Area Health Education Consortium; funding formula; expenditure of funds.

(A) The South Carolina Area Health Education Consortium shall be awarded funding for the Statewide Family Practice Residency System, the Graduate Doctor Education Program, and the Area Health Education Center Program based on the appropriate formula, as approved by the Area Health Education Consortium and the Commission on Higher Education, and the funding methodology shall be applied in a manner consistent with that of other state institutions of higher learning.
(B) Statewide Family Practice Residency System funds appropriated for faculty salaries, teaching services, and consultant fees may only be expended when these activities are accomplished for educational purposes in the family practice centers; however, the Medical University of South Carolina may expend these funds in hospital-based clinical settings apart from the consortium hospital, when these settings are determined by the president of the Medical University of South Carolina, with approval of the Medical University board, to provide appropriate educational experience and opportunities to the family practice residents. These funds must not be transferred to any other program.
HISTORY: 1998 Act No. 419, Part II, Section 6A; 2008 Act No. 353, Section 2, Pt 3.A, eff July 1, 2009.
Effect of Amendment
The 2008 amendment designated subsection (A) and added subsection (B) relating to expenditure of funds appropriated for faculty salaries, teaching services, and consultant fees.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-125. Rural Physician Program; administration of funds; membership of managing board.

The funds appropriated to the Medical University of South Carolina for the "Rural Physician Program" shall be administered by the South Carolina Area Health Education Consortium physician recruitment office. The Medical University of South Carolina shall be responsible for the fiscal management of funds to ensure that state policies and guidelines are adhered to. A board is hereby created to manage and allocate these funds in the best interests of the citizens of South Carolina. The board shall be composed of the following: the Executive Director, or his designee, of the South Carolina Primary Care Association; the Dean, or his designee, of the University of South Carolina School of Medicine; the Executive Director, or his designee, of the South Carolina Medical Association; two representatives from rural health care settings, one to be appointed by the Chairman of the Senate Medical Affairs Committee and one to be appointed by the Chairman of the House Medical, Military, Public and Municipal Affairs Committee; the Commissioner, or his designee, of the Department of Health and Environmental Control; the Commissioner, or his designee, of the South Carolina Hospital Association; the Commissioner, or his designee, of the Commission on Higher Education; and the Director, or his designee, of the Department of Health and Human Services. The Chairman, with the concurrence of the board, shall appoint three at-large members with two representing nursing and one representing allied health services in South Carolina.
HISTORY: 1998 Act No. 419, Part II, Section 5A.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-210. Additional student and faculty housing authorized from bond proceeds; refunding authorized.

The trustees are authorized to acquire additional student and faculty housing facilities and to improve and renovate existing student and faculty housing facilities to the extent they shall approve; and the proceeds of bonds authorized by Sections 59-123-210 through 59-123-320 are made available for that purpose. The trustees are also authorized to refund bonds that may from time to time be outstanding pursuant to Sections 59-123-210 through 59-123-320 by exchange or otherwise.
HISTORY: 1982 Act No. 392, Section 2.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-220. Trustees authorized to issue revenue bonds; limitation; refunding; use of proceeds and facilities.

Upon receiving the approval of the State Fiscal Accountability Authority or Department of Administration, as appropriate, and upon review of the Bond Review Committee created by Section 2-47-20, the trustees shall be permitted to issue, from time to time, revenue bonds or notes, provided that not more than ten million dollars of such obligations may be outstanding at any one time. The trustees are also hereby authorized to refund all or any part of any outstanding revenue bonds of the Medical University payable in whole or in part from the revenues also pledged to the payment of bonds issued pursuant to Sections 59-123-210 through 59-123-320 and which are outstanding on the occasion of any such refunding. So much of the proceeds of the loans herein authorized as shall not be required to retire outstanding bonds shall be used in the construction, reconstruction, and equipping of dormitories and buildings designed for student and faculty housing, and auxiliary and related facilities, to be located on lands owned by the Medical University. Such buildings, when constructed, shall be used for the purpose of providing housing, and auxiliary and related facilities, for students and faculty of the Medical University.
HISTORY: 1982 Act No. 392, Section 3.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-230. Bonds payable from net housing revenues.

All bonds issued pursuant to Sections 59-123-210 through 59-123-320 shall be payable from the net revenues derived by the Medical University from the rental of all dormitories, student dwelling quarters and facilities, houses, residences, apartment buildings, from time to time used or designed for use as student and faculty housing, and all furniture, furnishings and equipment therein, which are now owned by the Medical University, or which may hereafter be acquired by the Medical University for any of such purposes; provided, that the trustees may abandon the use of any portion of the facilities or sell or dispose of any portion of the facilities upon the receipt of a written recommendation by the chief financial officer of the Medical University and approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, and the Joint Bond Review Committee to the effect that such action will not adversely affect the ability of the Medical University to discharge its obligations to the holders of bonds issued pursuant to Sections 59-123-210 through 59-123-320 and upon such further conditions as shall be prescribed in the resolution of the trustees providing for the issuance of bonds. For purposes of Sections 59-123-210 through 59-123-320 the term "net revenues" shall mean that sum which remains from the gross revenues derived from the rental of housing facilities after deducting the amounts required in any given year for the operation and maintenance of such facilities.
HISTORY: 1982 Act No. 392, Section 4.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-240. Credit of state not to be pledged; trustees not liable on bonds.

The faith and credit of the State of South Carolina shall not be pledged for the payment of the principal and interest of such bonds, and there shall be on the face of each bond a statement plainly worded, to that effect. Neither the trustees nor any other person signing the bonds shall be personally liable therefor.
HISTORY: 1982 Act No. 392, Section 5.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-250. Resolutions for issuance of bonds; maturity; interest; denominations; redemption.

In order to avail themselves of the authorizations set forth in Sections 59-123-210 through 59-123-320, the trustees shall adopt resolutions providing for the issuance of bonds of the Medical University, within the limitations herein mentioned, which resolutions shall prescribe the tenor, terms, and conditions of such bonds. Such bonds shall be issued as serial bonds, maturing in equal or unequal amounts, at such times and on such occasions as the trustees shall determine. Provided, always, that the last maturing bonds of any issue shall be expressed to mature not later than forty years from their date, and the first maturing bonds of any issue, issued pursuant to this act, shall fall due within five years from their date. They shall bear such rates of interest, payable on such occasion, as the trustees shall prescribe, and the bonds shall be in such denominations, shall be payable in such medium of payment, and at such place as such resolutions shall prescribe. All bonds may be issued with a provision permitting their redemption on any interest payment date prior to their respective maturities as the trustees 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, in such amount or amounts as the trustees shall prescribe in the resolutions authorizing their issuance. All bonds 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 and the notice of call that must be given.
HISTORY: 1982 Act No. 392, Section 6.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-260. Form of bonds.

Such bonds may be in the form of negotiable coupon bonds, payable to bearer, with the privilege to the holder of having them registered on the books of a registrar to be named, 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 trustees may prescribe, or such bonds may be issued as fully registered bonds. If issued as fully registered bonds, it may be provided that they may thereafter be converted into negotiable coupon bonds of the tenor described above.
HISTORY: 1982 Act No. 392, Section 7.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-270. Bonds and interest tax exempt.

The bonds authorized by Sections 59-123-210 through 59-123-320 and all interest to become due thereon shall be exempt from taxation in the State of South Carolina as provided in Section 12-1-60.
HISTORY: 1982 Act No. 392, Section 8.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-280. Bonds as legal investments for certain purchasers.

It shall be lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, and the Public Employee Benefit Authority or the State Fiscal Accountability Authority as cotrustees of the South Carolina Retirement System, to invest any monies in their hands in such bonds.
HISTORY: 1982 Act No. 392, Section 9.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-290. Execution of bonds.

Such bonds and the coupons, if any, attached to such bonds, shall be executed in the name of the Medical University in such manner and by such persons as the trustees shall from time to time determine, and the seal of the Medical University shall be affixed to or impressed on each bond. Any coupons attached to such bonds shall be authenticated by the facsimile signature of one or more of the persons signing the bonds. The delivery of the bonds so executed shall be valid notwithstanding changes in officers or seal occurring after such execution.
HISTORY: 1982 Act No. 392, Section 10.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-300. Sale of bonds.

The bonds shall be disposed of in such manner as the trustees 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 trustees shall elect to sell the bonds at public sale, at least one advertisement thereof shall appear in some newspaper of general circulation in South Carolina not less than ten days prior to the occasion fixed for the opening of bids.
HISTORY: 1982 Act No. 392, Section 11.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 123 - The Medical University Of South Carolina › Section 59-123-320. No time limit on issuance of bonds.

The authorizations granted by Sections 59-123-210 through 59-123-320 shall remain in 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 Sections 59-123-210 through 59-123-320.
HISTORY: 1982 Act No. 392, Section 13.
2023 South Carolina Code of Laws › Title 59 - Education › Chapter 125 - Winthrop University › Section 59-125-10. Establishment of Winthrop College.

There shall be established an institution of higher education which shall be known as Winthrop College and shall be located, equipped and conducted as herein provided.
HISTORY: 1962 Code Section 22-401; 1952 Code Section 22-401; 1942 Code Section 5785; 1932 Code Section 5785; Civ. C. '22 Section 2804; Civ. C. '12 Section 1870; Civ. C. '02 Section 1284; 1891 (20) 1102; 1920 (31) 968; 1972 (57) 2493; 1974 (58) 2074.