Definitions.

S.C. Code Ann. § 59-147-20
in effect
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As used in this chapter: (1) "board" means the board of trustees of the university; (2) "equipment" means items with a useful life of at least fifteen years; (3) "facilities" means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter; (4) "revenues" means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and (5) "university" means all research and four-year public institutions of higher education.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t59c147.phpFetched: 10/17/2026

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