South Carolina Code 59-127-490. Definitions
(1) "Board" means the Board of Trustees of South Carolina State University.
Terms Used In South Carolina Code 59-127-490
- Board: means the Board of Trustees of South Carolina State University. See South Carolina Code 59-127-490
- Equipment: means items with a useful life of at least fifteen years. See South Carolina Code 59-127-490
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- University: means South Carolina State University. See South Carolina Code 59-127-490
(2) "Equipment" means items with a useful life of at least fifteen years.
(3) "Academic and administrative buildings" means the real and personal property and equipment to be utilized by the College of Engineering, Science and Mathematics, the College of Education, Humanities and Social Science, and the College of Business and Applied Professional Sciences, whether or not the acquisition or construction of these facilities are financed from the proceeds of bonds, notes, or other indebtedness issued pursuant to the provisions of this article.
(4) "Fees and revenues" means the special student fees, auxiliary fees, and revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities.
(5) "University" means South Carolina State University.